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

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WEBVTT 00:00:01.972 -- 00:00:07.260 Hello and good morning everyone and welcome to this Q1 00:00:07.260 -- 00:00:09.260 call. 00:00:09.363 -- 00:00:14.530 And here in the room we have our CEO Martin Åkesson, our CFO 00:00:14.530 -- 00:00:19.795 Kasper Tamm and me, Magnus Blomberg, head of IR. 00:00:20.299 -- 00:00:23.604 With that being said, I hand over the word to Martin. 00:00:23.604 -- 00:00:25.927 So please go ahead. 00:00:25.927 -- 00:00:30.811 Thank you, Magnus. And good morning also from me to everyone. 00:00:30.811 -- 00:00:35.116 I am glad to present the Q1 results for Passagegruppen today. 00:00:35.116 -- 00:00:37.116 So 00:00:37.139 -- 00:00:41.262 let's dive into the presentation. 00:00:41.424 -- 00:00:44.048 So first of all, we 00:00:44.048 -- 00:00:49.434 implemented a new organization here in Q1, a 00:00:49.434 -- 00:00:53.079 more flatter organization and 00:00:53.079 -- 00:00:56.528 partly new group management team as well. 00:00:56.528 -- 00:01:02.233 And I'm pleased with the development so far, with the organization in place 00:01:02.233 -- 00:01:07.879 and the new group management team. It's been well received throughout 00:01:07.879 -- 00:01:10.779 the organization. In 00:01:12.243 -- 00:01:15.366 the quarter, we saw a continued 00:01:15.366 -- 00:01:20.711 organic sales decline, roughly 10% down. And that was mainly due 00:01:20.711 -- 00:01:25.848 to the low new-build activity we've seen 00:01:25.848 -- 00:01:28.048 in the market 00:01:29.793 -- 00:01:34.996 pretty hesitant markets around new build activities still and 00:01:36.880 -- 00:01:42.026 pretty early to tell here where the new build market is going 00:01:42.026 -- 00:01:46.010 but in the quarter at least we saw still muted activity. 00:01:46.010 -- 00:01:48.010 In 00:01:48.974 -- 00:...