Interpump Group Spa (IPGLF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. This is the Chorus Call Conference Operator. Welcome, and thank you for joining the InterPump First Quarter 2025 Financial Results Conference Call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Ms. Elizabeth Kunyaska Head of Investor Relations. Please go ahead, Madam. Thank you. Good afternoon. I am Elisabetta Kunjaska, Head of Investor Relations of Interpump Group. And welcome to this first quarter 2025 Financial Results Conference Call. As usual, I must draw your attention to the disclaimer slides inserted in the annexed part of the presentation that I hope you were able to download from the website. Now I would like to leave the floor to Mr. Marazzi, the Group Chief Executive Officer. Thank you, Ms. Unianska, and thank you to all of you for joining our call. Once again, past and future numbers. Past numbers. On organic basis, in the first quarter of 2025, the impact of an 8% sales decline was a 12% EBITDA decrease, with a 90 bps EBITDA margin dilution. Exactly one year ago, always on organic basis and excluding from the first quarter 23 the positive one-offs, we recorded a sales decline of 9% and an EBITDA decline of 14% with a 130 basis point dilution in terms of EBITDA margin. So, despite ongoing sales decline, which made more difficult to adjust cost basis and leveraging our operating flexibility, we were able to protect our profitability even better than last year. Moving to future numbers, both the results of the first quarter 2025 and the sales evolution for the month of Apri...