Investor AB (publ) (INVE_A) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Investors Results Call for the first quarter of 2025. I'm joined here in our updated studio in Stockholm by our CFO Jenny Aschmann-Hakvinius and our CEO Christian Sederholm. Both will soon be giving their presentations and after that we will be opening up for questions as usual both on the call via our operator and online. And with that over to you Christian. Thank you, Jacob. Can we get the correct slides online? There we go. Thank you. Hello, everyone. Given what the world looks like, we thought it made sense to say a few words about our posture in these turbulent times before we jump into the actual quarter. So... Our general approach here is to stay close to the companies to understand and to support. So for instance, we of course assess what the direct impact of tariffs could be in different scenarios and what to do to mitigate this in the short term. It's way too early to tell what the financial impact will be. When it comes to the direct effects, it remains to be seen where the tariffs as such end up, but also how the burden is shared in the different value chains. And importantly, the larger effects from all this may well come from the more indirect effects, not the least impact on the US and global business cycle, as well as on interest rates, inflation and FX movements. We note that it's a good starting point to have healthy gross margins and a production footprint that is relatively balanced. As for other mitigations, we note that most companies will have to work with price to compensate for the higher cost. As we think about supply chain, we of course do all the tactical adjustments we can in the short term to ensure timely and cost-efficient delivery of our goods and offerings to our customers. But when it comes to longer-term...