Investment AB Latour (publ) (LATO_B) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.057 Good morning and welcome to the presentation of Investment Abilator's interim report 00:00:05.057 -- 00:00:07.998 for the first quarter 2025. 00:00:08.141 -- 00:00:12.226 The first part of the presentation will be in listen-only mode and we'll then open up 00:00:12.226 -- 00:00:13.928 for questions. 00:00:13.928 -- 00:00:18.854 If you want to ask a question, dial star five on your telephone keypad or use the chat 00:00:18.854 -- 00:00:20.316 window. 00:00:20.316 -- 00:00:27.082 I will now hand over to CEO Johan Jattonsson and CFO Anders Mörk. 00:00:27.875 -- 00:00:32.100 Thank you, Katarina. And once again, welcome, everybody. 00:00:32.100 -- 00:00:35.024 I'm here together with Anders. 00:00:35.024 -- 00:00:38.308 We're going to go through our Q1 00:00:38.308 -- 00:00:43.415 presentation and we're using the same structure and logic as we've done 00:00:43.415 -- 00:00:48.739 for many, many quarters now. So you will recognize yourself. 00:00:48.742 -- 00:00:54.065 First of all, here on the first page, the overall group structure is unchanged. 00:00:54.065 -- 00:00:59.313 considering the business climate, a good start of the year for our businesses. 00:00:59.313 -- 00:01:04.462 The general demand is quite good in many markets that we operate on, but it varies 00:01:04.462 -- 00:01:07.406 between regions and industries. 00:01:07.406 -- 00:01:12.415 Towards the end of the quarter, we have seen a slightly more hesitant market as 00:01:12.415 -- 00:01:17.443 a response to, among others, the trade war and the US tariffs that 00:01:17.443 -- 00:01:22.828 I'm sure you're all aware of. Regarding the US tariffs, our exposure 00:01:22.828 -- 00:01:27.913 is quite limited in the US. It corresponds to 11% of our 00:01:27.913 -- 00:01:30.356 total...