Lindab International AB (publ) (LIAB) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to this presentation of Lindab Group's report for the first quarter. I'm Ola Ringdahl, President and CEO of Lindab Group. And next to me, I have our CFO Lars Unno. We will begin by presenting the results for the quarter and then move over to our focus on profitable growth and an outlook. Following the presentation, there will be a Q&A session. Let's begin with some highlights. We can see a mixed picture for our two business areas where ventilation systems showed stability in the quarter and profile systems had a very challenging quarter. Sales and operating profit for profile systems were affected by a combination of external and internal factors which weighed on the group's results. For our largest business area, ventilation systems, I'm pleased to see an improved operating margin for the third consecutive quarter. That's a sign of strength in a challenging time. Now let's take a look at our sales development. Overall, group sales values decreased compared to the first quarter last year, and this was mainly due to currency effects and low sales numbers in profile systems. For ventilation systems, organic sales growth was negative by 1%, and we noticed delayed construction projects during January and February due to the tough winter, but the pace was clearly better in March. Acquisitions contributed with 2% and currency effects continue to be on high levels with an impact of minus 5%. In the Nordics, an important market for Lindab Group, the goods sales trend continued and we reached organic growth for the ventilation segment in the quarter. We also saw a continued good sales trend in important markets like the UK and Italy. In Germany, however, the market is still slow. Sales for business area profile systems was low in the quarter. Divestments red...