Fasadgruppen Group AB (publ) (FG) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and good morning everyone and welcome to this Q1 call. And here in the room we have our CEO Martin Åkesson, our CFO Kasper Tamm and me, Magnus Blomberg, head of IR. With that being said, I hand over the word to Martin. So please go ahead. Thank you, Magnus. And good morning also from me to everyone. I am glad to present the Q1 results for Passagegruppen today. So let's dive into the presentation. So first of all, we implemented a new organization here in Q1, a more flatter organization and partly new group management team as well. And I'm pleased with the development so far, with the organization in place and the new group management team. It's been well received throughout the organization. In the quarter, we saw a continued organic sales decline, roughly 10% down. And that was mainly due to the low new-build activity we've seen in the market pretty hesitant markets around new build activities still and pretty early to tell here where the new build market is going but in the quarter at least we saw still muted activity. In Q1 we also achieved an adjusted EBITDA of roughly 77 million compared to 20 million the same period last year, meaning a margin of roughly 6.5% compared to 1.9% a year ago. It was a strong contribution from Clearline in the results. We'll get back to that. In the important order backlog, we saw an organic growth by roughly 4%, mainly driven by the Swedish entities. and that was the first organic improvement in your backlog in the Swedish entities since 2022 so that's quite positive as we see it then for the first time we also present our new segments for transparency reasons mainly and then we've divided into three divisions or segments called Total Solutions. The Total Solutions segment, that's where we mainly have the full ownership of the...