Fasadgruppen Group AB (publ) (FG) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

and welcome to Fasadgruppen's second quarter result presentation. Here in the room, we have our CEO, Martin Jakobsson, our CFO, Kasper Tang, and myself, Magnus Blomberg, head of investment relations. With that being said, I hand over the word to Martin, so go ahead. Thank you, Magnus, and good morning also from me. First of all, I would like to highlight that we had a tragic accident here during the summer where a colleague actually passed away during the line of duty in one of our subsidiaries. Tragic loss that has affected the entire organization. Our thoughts are, of course, with the deceased family, his friends and colleagues. We are actively working to minimize the risk of this ever happening again. With that said, I want to dive into today's presentation. So, some highlights for the second quarter then. We saw continued decline in the organic sales, which was mainly then continued affecting from new build and we also saw here in q2 that the results increased the adjusted EBITDA up to 132 up from 81 the same quarter last year the margin also increased by roughly 300 basis points up to 9.2 percent in the quarter so we saw rather flat organic development in the order backlog we'll get back to this later and in england we saw some delays from something called the building safety regulator but at the same time we saw an increase in the order backlog for clearline we'll get back to this later in the presentation Then looking on the important covenant fixtures, we saw that the net debt to adjusted EBTA pro forma came in at 3.36, up somewhat compared to Q1, still a continued focus to take leverage back down to 2.5. We also updated our agreement with our banks here, so we managed to push the covenant step down two quarters. We'll get back to that. Then looking on the ne...