Garo Aktiebolag (publ) (GARO) Q2 2025 Earnings Call

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WEBVTT 00:00:00.841 -- 00:00:04.344 Welcome everyone to Garo's Q2 presentation. 00:00:04.344 -- 00:00:08.288 I am Jonas Claren, CEO, and it's great to be here today. 00:00:08.288 -- 00:00:14.213 With me is Helena Claesson, CFO, who will walk you through the financials later. 00:00:14.213 -- 00:00:16.816 But let's start with the key highlights for the quarter. 00:00:16.816 -- 00:00:19.816 Next slide, please. 00:00:20.639 -- 00:00:25.543 Operation and highlights. I want to start by emphasizing that Team Garo continues to 00:00:25.543 -- 00:00:30.788 move from structure to execution. We have a clear direction and an increased 00:00:30.788 -- 00:00:36.234 operational pace. Garo electrification, growth areas. 00:00:36.234 -- 00:00:41.440 We see continued volume growth and a strong performance in Ireland and the UK, alongside 00:00:41.440 -- 00:00:45.004 early signs of stabilization in Norway. 00:00:45.004 -- 00:00:51.491 Stable demand. Demand in commercial, public, and renovation projects remains stable. 00:00:51.491 -- 00:00:56.457 Challenges. However, the Swedish residential construction market remains weak, and the 00:00:56.457 -- 00:00:59.431 segment continues to face pressure. 00:00:59.431 -- 00:01:04.416 Improvements. Outside Sweden, margins are improving in several markets, and we are focusing 00:01:04.416 -- 00:01:09.081 on expanding our product portfolio to reach new market segments. 00:01:09.081 -- 00:01:14.667 Outlook. The outlook remains stable with continued discipline on margins. 00:01:14.667 -- 00:01:17.250 Garo Immobility. 00:01:17.250 -- 00:01:22.495 Headwinds. The market remains challenging, particularly in Sweden and Germany, with delayed 00:01:22.495 -- 00:01:24.597 investment decisions. 00:01:24.597 -- 00:01:29.787 Actions. We have completed cost redu...