Karnell Group AB ser. B (KARNEL_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone again and welcome to Canell's Q1 2025 earnings presentation. I am Petter Molinius, CEO of Canell and with me today I have our CFO Lars Neret and we will be walking you through our financial performance for the quarter and discussing our strategic initiatives and providing insights into our recent acquisitions. And this is what we'll have lined up for you today. I'll start with a brief introduction to our Q1 report. Lars will then give you more details around our business units and our financial performance. I will then give you a short introduction to our acquisition management. Even though we talked about it during the last call, it happened during Q1. And then we'll talk about Warwick, Sasko, that was acquired on the 1st of April. We'll reserve some time at the end for presentations and a Q&A session. As I mentioned during the last call, we have decided to slim down the presentation. As we believe many of you know us well, but we are also happy to have an introductory call with institutional investors. So just contact us at ir.canel.se to reach out. In short, Canel is an active and long-term owner of industrial technology companies, focusing on acquiring small to medium-sized companies with strong position in niche markets. We have a disciplined acquisition strategy, prioritizing quality and industrial leadership. As of now, Kanell comprises of 17 companies across Finland, Sweden, and the UK, employing approximately 700 people. We strive for transparency, even though it means sharing numbers that may sting in the short term, we believe it's beneficial for Kanell and our shareholders in the long term. And with that, let's turn to our Q1. Canal delivered a strong performance in the first quarter of 2025, despite the continued macroeconomic uncer...