New Wave Group AB (NEWA_B) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.964 Q2 was a bit less good than we thought. 00:00:04.964 -- 00:00:09.256 We knew before that it should be tougher than Q1. 00:00:09.256 -- 00:00:13.808 We had a positive calendar effect in Q1 due to Eastern and that came out negative in 00:00:13.808 -- 00:00:18.994 Q2 that we know from the beginning. Then we also have quite 00:00:19.658 -- 00:00:24.765 high effects on the currencies. So in the end, I was hoping 00:00:24.765 -- 00:00:30.834 for 3-4% organic growth in local currencies and we ended up with one point something. 00:00:30.834 -- 00:00:34.178 So it was less good than planned. 00:00:34.178 -- 00:00:38.405 The market was very tough, I have fought for a long time now. 00:00:38.405 -- 00:00:44.718 that the market will be better, but we still don't see any big signs on that. 00:00:44.718 -- 00:00:49.989 And I think that all these worrying things I use all the time about duties and 00:00:49.989 -- 00:00:55.260 tariffs and I don't know really what will happen and so on, put a wet blanket 00:00:55.260 -- 00:01:00.394 on the market. And I think that we will continue to see 00:01:00.394 -- 00:01:06.619 at least one or two more quarters with the tough market situation. 00:01:06.661 -- 00:01:12.848 We're pretty sure that we continue to take market shares and we continue to invest. 00:01:12.848 -- 00:01:17.493 We have the same speed investing in both sales, marketing and automatization and warehouse 00:01:17.493 -- 00:01:19.715 and IT and so on. 00:01:19.715 -- 00:01:24.200 And we will not pull on the brake 00:01:24.200 -- 00:01:26.836 because of this. We will continue the same way. 00:01:26.836 -- 00:01:32.504 One very good thing, hopefully, if you never know that before, of course, but 00:01:32.504 -- 00:01:35.429 one thing I'm very hap...