Luotea Oyj (0F29) Q1 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Luotea Plc.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.035 Good morning and welcome to Lassland-Tikanoja 00:00:04.035 -- 00:00:08.700 first quarter 2025 earnings release. 00:00:08.700 -- 00:00:13.225 My name is Eero Hautaniemi. I'm the president and CEO. 00:00:13.225 -- 00:00:18.430 And together with me today, I have Joni Suorosanen, our 00:00:18.430 -- 00:00:20.430 CFO. 00:00:24.056 -- 00:00:29.279 We had a very positive start for 2025. 00:00:30.743 -- 00:00:36.210 A big improvement in facility services profitability. 00:00:36.210 -- 00:00:41.236 We had a strong cash flow and the preparations for 00:00:41.236 -- 00:00:46.442 the partial demerger and efficiency program are 00:00:46.442 -- 00:00:49.684 progressing as planned. 00:00:55.514 -- 00:00:59.127 In net sales, we had a five 00:00:59.127 -- 00:01:01.491 percent decrease 00:01:01.491 -- 00:01:07.879 in circular economy. This was mainly due to the 00:01:07.903 -- 00:01:13.292 slow economy in general, but especially in construction 00:01:13.292 -- 00:01:15.292 sector. 00:01:15.296 -- 00:01:18.799 In facility services, Finland, 00:01:19.283 -- 00:01:21.644 mild winter, 00:01:21.655 -- 00:01:27.704 reduced a lot of snow removal related work, 00:01:27.704 -- 00:01:33.012 but also we had planned actions to optimize our 00:01:33.012 -- 00:01:36.737 customer portfolio, which was reflected 00:01:36.737 -- 00:01:41.301 in slight decline of the net sales. 00:01:44.960 -- 00:01:48.145 First quarter is typically 00:01:48.145 -- 00:01:50.429 seasonally very 00:01:50.429 -- 00:01:55.938 small quarter for us, and this year was no exception. 00:01:55.938 -- 00:02:02.308 But nevertheless, we had a solid performance across the board. 00:02:02.308 -- 00:02:06.509 In circular economy business, we were on par. 00:02:06.509 -- 00:02:11.599 compared to the p...