FM Mattsson Mora Group AB (publ) (FMM_B) Q2 2024 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Fm Mattsson Class B.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:01.593 Varmt 00:00:01.593 -- 00:00:08.059 välkomna till FN Mattsson Groups presentation av andra kvartalet 2024. 00:00:09.484 -- 00:00:14.772 Vi som presenterar idag, det är i vanlig ordning jag, Fredrik Skarp, 00:00:14.772 -- 00:00:21.061 som är koncernchef och vd. Bredvid mig har jag min kollega Martin. 00:00:21.061 -- 00:00:26.746 Hej, jag är Martin Gandersson, CFO för koncernen. 00:00:27.672 -- 00:00:32.679 And those of you who are familiar with us will recognize this image that we are a 00:00:32.679 -- 00:00:36.604 company that focuses on 00:00:36.604 -- 00:00:42.251 mixers and bathroom products and kitchen products within six different product 00:00:42.251 -- 00:00:44.214 brands, 00:00:44.214 -- 00:00:47.258 which is what is visible to our customers. 00:00:47.258 -- 00:00:52.745 Six product brands that give us both a good breadth and good depth 00:00:52.745 -- 00:00:57.869 to process different customer segments and geographies. 00:00:59.313 -- 00:01:05.219 If we take a closer look at the development 00:01:05.219 -- 00:01:10.484 during Q2 2024, we can see that there has been a continued challenging market 00:01:10.484 -- 00:01:16.310 situation due to the conjecture we have, and which we have also 00:01:16.310 -- 00:01:17.871 had 00:01:17.871 -- 00:01:23.577 with us for a while. If we look at sales development 00:01:23.577 -- 00:01:26.684 in Q2 2024 compared to Q2 2023, 00:01:26.684 -- 00:01:31.712 We noticed that we decreased it by almost 3% and then we see some 00:01:31.712 -- 00:01:36.780 differences in our two different segments that we reported within the Nordic 00:01:36.780 -- 00:01:42.410 business that went down a little more. We decreased it by 4.5% 00:01:42.410 -- 00:01:45.555 while our business outside of the Nordic, called ...