Lifco AB (publ) (LIFCO_B) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to LISCO Q1 Report for 2026. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound five on their telephone keypad. Now I will hand the conference over to CEO Per Waldemarsen and CFO Therese Hoffman. Please go ahead. Thank you and good morning and welcome to the LIFCO Q1 conference call. We can start with moving in directly to slide or page number two in our investor presentation and take a look at the overall performance in the quarter. And if we look at LIFCO overall, we are presenting a stable quarter with 4% growth in sales, 6% growth in EBITDA, and 8% growth in net profit. In the quarter, acquisition contributed with around 8%, our sales growth. We had a negative effect from exchange rates of around 5%. And organically, we grew with around 1% in the quarter. I think here, talking about organic growth, we should also take into consideration the record high sales we had in quarter one, 2025. that we now have to meet, and we could not meet those numbers, and that has to be taken into consideration that we are having a decline in our sales in the contract manufacturing, which basically means that many companies in our industrial side had a better start to 2026 than the start they had in 2035. We will come back to that a little bit more later. And we can then move into page number three and look into the different areas. If we start with the dental field, We had overall a stable development in sales, and despite the negative corn exchange rate also there. We have in the quarter a positive mix effect, where higher margin companies with own manufactured products developing stronger than the distribution companies, and this leads to...