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

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the presentation of Investment Abilator's interim report for the first quarter 2025. The first part of the presentation will be in listen-only mode and we'll then open up for questions. If you want to ask a question, dial star five on your telephone keypad or use the chat window. I will now hand over to CEO Johan Jattonsson and CFO Anders Mörk. Thank you, Katarina. And once again, welcome, everybody. I'm here together with Anders. We're going to go through our Q1 presentation and we're using the same structure and logic as we've done for many, many quarters now. So you will recognize yourself. First of all, here on the first page, the overall group structure is unchanged. considering the business climate, a good start of the year for our businesses. The general demand is quite good in many markets that we operate on, but it varies between regions and industries. Towards the end of the quarter, we have seen a slightly more hesitant market as a response to, among others, the trade war and the US tariffs that I'm sure you're all aware of. Regarding the US tariffs, our exposure is quite limited in the US. It corresponds to 11% of our total net sales. Kalja, Hultafors Group, Nordlok Group and REAC within the two industries have the most exposure vis-à-vis the US. We do have local production in some cases, and in others, we will try to pass on the higher cost to the customers. We are also taking additional preventive actions to mitigate potential future effects. And it's a quite fluid situation, as you can understand, it changes from day to day. And if we go to the next slide, Katarina, please. Our portfolio of 10 listed companies. The development in our listed companies that has reported the Q1 is relatively good considering the business climat...