NIBE Industrier AB (publ) (NIBE_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the NEBE Q1 presentation for 2025. During the questions and answers session, participants are able to ask questions by dialing pound key five on their telephone keypad. Now I will hand the conference over to CEO Eric Lindquist and CFO Hans Backman. Please go ahead. Thank you very much. Good morning, everyone out there. Good morning. Good morning. It's a gorgeous day here in Markaryd, graduation day we call it, when we have the annual shareholders meeting later on today. So we'll use our regular pattern. We start to go through the report, Hans and I, and then we allow for questions. And due to all other things that we have to participate, and carry out today. We would appreciate if we could stop around noon. That gives us an hour in total. And limiting the questions to two per person. That's right. Thank you, Hans. The headline we would like to say is pretty much in line with our own expectations. That's Q1. there is signs of recovery and some of course still cautious market, but already at the end of Q4 last year, we saw a change and that continues and that fills us with, you know, positivism, of course. Our action program is in place and that makes us return to a more traditional CECL pattern as well, because now the large orders that we had for years, they are pretty much gone. And now it's back to ordinary pattern. And what's also very pleasing is that the inventories and the distribution chain, they have come down. We call it more acceptable levels rather than saying that there are ideal levels. We can't really judge that. But we now see that the end customer's demand is so much better reflected at the manufacturer's levels, which has been a difficult situation for all manufacturers in our three different industries. That is always difficult to assess ...