Lammhults Design Group AB (LAMM_B) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this presentation of Lammhuls Design Group's fourth quarter 2025. My name is Susanna Hilles-Skoge. I am CEO and CEO of Lammhuls Design Group. And on my side I also have today Jesper Langebro. Hello everyone. CFO. Great. But let's get started. Vi börjar med lite allmän sammanfattning. Vi konstaterar att vi avslutade året på ett ganska stabilt sätt. Vi har fortsatt ett svagt marknadsläge. But we see that our strength in width and height in our portfolio has contributed to stability during this quarter. The turnover was in principle in line with the fourth quarter of last year after we frustrated for negative currency effects in the quarter, which was then born of a stronger Swedish krona. On the positive side, we see an increase in the order intake that landed at about 3.5% and an order stock that was higher with 13% than at the beginning of the previous year. We also see a positive development when it comes to the adjusted gross margin, which has now risen to 37.9%, which corresponds to a further improvement even in this quarter with 0.4%. At the same time, we have a adjusted turnover of 19.8 million SEK per quarter, which corresponds to an adjusted turnover margin of 7.9%. The free cash flow, including leasing, went up to 42.3%, an improvement from the corresponding period earlier this year. If we look at the business itself, we note that the business area Library Interiors ended the year in a very strong and positive way, with increased turnover and good sales. We have the business area Office Interiors, which continues its efficiency and change journey even during the past quarter. We have improved the adjusted results with higher order intake despite a still weak market. And we continue on our journey of change, mainly related to the Of...