Lindab International AB (publ) (LIAB) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the LINDAB Q2 presentation for 2025. During the questions and answers session, participants are able to ask questions by dialing star 5 on their telephone keypad. Now I will hand the conference over to the President and CEO Ola Ringdahl and CFO Lars Inner. Please go ahead. Good morning and welcome to this presentation of LINDAB's Q2 report. My name is Ola Ringdahl, President and CEO of LINDAB Group. And with me today, I have our CFO Lars Inno. We will begin by presenting the results for the quarter. And after that, we will take a closer look at our key focus areas. Following the presentation, there will be a Q&A session. Let's start with some highlights. Despite the continued challenging market environment, ventilation systems showed strength in the quarter, achieving an operating margin of 9.9%. This performance was driven by an improved gross margin and also from the effects of the previously announced cost reductions that are now implemented and showing effects. For profile systems, sales and profitability were impacted by continued low volumes in the project business. During the quarter, currency effects were higher than normal, affecting sales negatively by 4%. Let's take a closer look at our sales development. Ventilation systems were affected by continued low market activity and also currency effects were significant in the quarter at minus 4%. These factors resulted in lower net sales for the quarter. What is encouraging, however, is that many markets are moving in the right direction, both in terms of sales and profitability. Examples include the UK, Denmark, Switzerland, Italy and also the US. However, in Germany and Sweden, two important markets will end up, market conditions remain challenging, influencing sales negatively for the group. For pr...