Fasadgruppen Group AB (publ) (FG) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning all and welcome to this presentation of our results for the first quarter here at Fasadgruppen. In the room we have our CEO Martin Jakobsson and our CFO Kasper Tam and myself Magnus Blomberg. With that being said I hand over the word to Martin. Please go ahead. Thank you Magnus and good morning also from me. Thank you all for joining this 2026 Q1 results call. So let me start with the headline. Q1 2026 was a cold quarter. In the Nordics, we saw some of the coldest weather in, I would say, several decades, which, of course, materially restricted our production. And in the UK, we saw continued regulatory delays, as we have spoken about several times now, from the building safety regulator, which we denominate BSR. And they adjusted a bit. They came in at roughly 5 million, I guess, 77 million a year ago. That said, the underlying business is in a stronger position than these headlines numbers suggest, I would like to say. Our organic order backlog grew by almost 15%, mainly driven by the UK and Norway. And we've also successfully completed our rights issue. And we have gotten roughly 488 million net proceeds. It was oversubscribed as well to roughly 142%. And we take that as a very strong vote of confidence from our shareholders. So a tough quarter on the P&L. But however, on the leading indicators such as the backlog and the balance sheets, we are going the right way. Then taking a look on the rolling 12 months here for Q1 numbers, you see an increase in both sales and the adjusted EBITDA levels as well on the margin. backlog is also significantly higher than the same period last year, as well as cash flow and cash conversion. So even though Q1 was cold, we see improvements in the last one month. Then taking a look on the net sales here in the first quart...