FM Mattsson Mora Group AB (publ) (FMM_B) Q1 2024 Earnings Call

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Replay transcript excerpt

Hej allihopa och välkomna till presentationen av första kvartalet 2024 för FN Mattsson Group. Vi som kommer gå igenom bildspelet här idag är i vanlig ordning Dag Fredrik som är vd och konsernchef och min kollega Martin. Hej, jag är Martin och jag är CFO. And we will start by looking at how the first quarter has gone and before that we will look at and remind you of the portfolio of brands we work with actively in our daily business and we are a corporation that consists of six product brands, which is what is most visible to our customers. and a portfolio with six brands that we take and control against different art segments and geographies, especially in the Nordic market, but also in Western Europe. And then we look at how it has gone here during the first quarter, so I can summarize the heading as if it had been a mixed start of the year with some different signals. If we look at our sales in the group for all brands, it decreases with in the first quarter of 2023. Then we see some differences between our different geographical areas. The Nordic home market lost about 10% in sales compared to 2023, while our business outside of the Nordic, which we call international, weakened sales-wise by about 4%. And here we can see some differences between the different countries where we, in the first a weaker market than it has been before. Of course, the weaker sales also affects our profitability. If we look at our EBITDA margin, it rose to 10.8% during the first quarter, which is a fairly clear decrease compared to when we landed in the first quarter of 2023, which was almost 15%, which is the company's overall profitability target. However, I think that there are some things to take with us here. We manage to keep the gross margin in line with last year. There are some...