Fagerhult Group AB (FAG) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

So good morning, everyone. Before we start this webcast, I would like to take a moment to address Q1 directly, because I believe it is important that we are transparent with you what happened and where we stand. So the quarter came in weaker than we expected, and we take that very seriously. The period was affected by a combination of factors. Geopolitical uncertainty impacted both directly and indirectly, with, for example, extended decision-making timelines in several markets. Also, the stronger Swedish krona negatively impacted net sales, and the sales mix between our business areas weighed on gross margin. What does give us confidence is that our order backlog has increased compared with the same period last year. Underlying demand for our products and solutions remain stable, reflecting continued customer need and activity across our key markets. At the same time, we see significant differences between segment and geographies. We have also an ongoing strategic update for the period of 26 to 29, which predated this quarter and was initiated as part of our longer term work to strengthen profitability and stability. We will communicate the direction of this strategic work no later than in connection with the Q2 report. In the meantime, we are taking action, but we want to provide a complete and coherent picture once the process is finalized. We will also, at the end of this section, leave a little bit more time than normally so that you are able to ask any questions that you might have. Thank you very much Bodil and thank you all for joining us today. I'm Niklas Willstrand and I'm head of communications here at Faguhut Group and it's my pleasure to welcome you to our Q1 2026 results presentation. With us today we have as you already know our president and CEO Bodil...