Fagerhult Group AB (FAG) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, everyone, and thank you all for joining us today. I'm Niklas Willstrand, Head of Communications here at Fagerhult Group, and it's my pleasure to welcome you to our Q2 2025 results presentation. On the call, we have our President and CEO, Budil Sonnesson, along with our CFO, Michael Wood. Budil will begin with a brief overview of our second quarter results, followed by highlights focusing on the premium business area. Michael will then provide a deeper dive into the group's financial performance. To close, Budil will summarize the key points before we open the floor for your questions. We start with questions from the conference core participants and then take questions from the webcast. To ask a question, press pound key and five and I will present them to Budil and Michael. Please note that today's session is being recorded and will be available on our website later today. With that, I hand over to you, Bodil. Please go ahead. Thank you very much, Niklas. And welcome to everyone joining us today. So I will start with the Q2 results and we continue. to navigate ongoing market volatility. And we operating results are not satisfactory. And in addition to that, in May, we had in our Whitecroft business in the UK, they experienced an IT incident. And the issue has since been fully resolved and the business returned to full operational capacity in June. So while the incident had a significant financial impact in May, it is now behind us. And we have taken all necessary measures to address the situation and also strengthen our systems in all our other brands to prevent similar events in the future. On a positive note, we continue to improve on our strong gross margin. We benefit from the cost improvements that we've been carrying out over the last six months, and we se...