ITAB Shop Concept AB (publ) (ITAB) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to ETAB Shop Concept Q1 Report 2026 presentation. During the Q&A session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to the speakers. Interim CEO and President Glauco Froscaroli and CFO Andreas Helmerson, please go ahead. Good morning, good morning, everyone. We are here today to present our Q1 2026. I just want to give you some information for the people that doesn't know ETAP. So I want just to tell you about our production facilities. We have around 22 production facilities in 16 countries. We are operating in more than 30 countries with around 5,300 employees. Our net sales is around 13 billion SEC with our ADK around 835 million SEC. Our BDA margin is 6.3%. We, our division are a grocery that is around 51% of our sales. Then we have fashion that is around 3% of our net sales. And then we have DIY home improvement around 10%. And then we have health and beauty 6% and then other customer groups that is around 21% where we have consumer electronics, travel details, sport and leisure, services, stations, hotels, offices and brand industries. Our solutions are retail interior, retail technology, retail lighting, retail services. We think for sure what we, our brand, our strong brand is Rethink Retail Together. So we create a retail experience that connects people with the brands they love. I want to just give you some highlights of the Q1 2026. We had the solid start of the year in the commercial market. Our Q1 net sales are around 2.9 billion SEC, that is around 7% currency adjusted. minus 7%. Adjusted EBITDA is around 164 million SEC, 192 million SEC was the previous year, excluding non-recurring items, amortization of acquisition related to immaterial assets. Net profit is 70...