Harvia Oyj (HRVFF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.360 Hello, everyone, and welcome to Harvia's first quarter 2025 earnings webcast. 00:00:05.360 -- 00:00:08.165 My name is Mattias Järenfelt. I'm the CEO of Harvia. 00:00:08.165 -- 00:00:12.072 And with me, I have Ari Vesterinen, our chief financial officer. 00:00:12.072 -- 00:00:13.995 Hello. 00:00:13.995 -- 00:00:18.323 As usual, we have this flow for the session today. 00:00:18.323 -- 00:00:23.230 I will start by covering the highlights of the quarter one in terms of business results 00:00:23.230 -- 00:00:28.477 and also key activities. I will also shed light on the recent developments 00:00:28.477 -- 00:00:31.441 and progress in terms of strategy implementation. 00:00:31.441 -- 00:00:35.727 After that, Ari will cover the financial performance more in detail. 00:00:35.727 -- 00:00:40.834 After that, we're again welcoming questions that you can submit via the chat box 00:00:40.834 -- 00:00:43.054 in this webcast. 00:00:43.062 -- 00:00:47.769 So let's summarize the quarter one first, starting with the top line. 00:00:47.769 -- 00:00:52.816 Revenue was 52 million euros, and that's up 22.7% 00:00:52.816 -- 00:00:55.680 from last year. Organic growth was at 14%. 00:00:55.680 -- 00:00:57.843 We were 00:00:57.843 -- 00:01:02.850 pleased to see that all of the regions contributed positively to the growth, but clearly 00:01:02.850 -- 00:01:07.717 North America had a dominant role in driving growth for Harvia Group. 00:01:07.717 -- 00:01:12.864 With these strong topline results, we also saw broad-based 00:01:12.864 -- 00:01:16.450 growth across product groups, except 00:01:16.450 -- 00:01:20.656 spare parts and services, but all the main product categories contributed very nicely 00:01:20.656 -- 00:01:25.703 to this growth. Steam products is a...