Nederman Holding AB (publ) (NMAN) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this session where we are presenting the Nerman interim report for Q1 2025. If we start with some summaries, we can say we had very strong orders received. Three or four divisions had solid order intake and two of them actually had record quarters in a very turbulent time. We continue to advance our positions in a number of areas. We have an extremely challenging macro environment. We have finalized and are still building on some further investment in operational efficiency. We do have very high level in the newly inaugurated innovation center in Helsingborg. And we do have much better presence in structurally growing industries, which has been important in order to get a good order intake. And we also, during last quarter, finalized the acquisition of EuroEquip in Spain. And a few words about Euroequip. Why did we do it? It strengthens Nerman's process technology vision in foundry, metal recycling market, and as we say, hot air applications. It's a strong market position. They are selling equipment to foundries, metal recycling, and especially aluminum smelting markets. Nederman and Eurochip has a very long working relation where we have cooperated for decades. It gives us a sales structure and a support structure in the Iberian Peninsula and parts of Latin America. They have a headquarter in Lesama, a north part of Spain, Basque country. And we paid about €50 million for a company that has a turnover of €22 million last year. If I move on to some key financials for the Nehr Demand Group for the quarter then. As Sven mentioned already, orders received was rather strong, just over 1.5 billion Swedish kronor, a very small reduction versus a strong quarter one last year as well. It is the first quarter since Q1 last year where we've been ove...