NIBE Industrier AB (publ) (NIBE_B) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the NEBE Q2 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 the CEO Eric Lindquist and CFO Hans Backman. Please go ahead. All right. Good morning to everyone out there. Good morning from Hans as well. You're going to have very much the same procedure as before, where we, in 20 minutes or so, describe the report from our views. And then, of course, you are allowed to questions. We're going to come back to that. So with that said, let's shoot. We believe that the headline fairly much is a summary of the status for the Q2. It's a continued recovery. And we also feel it's a brighter outlook. And we've been claiming that for the last two quarters this year, and we saw an uptick already at the end of last year. So if not a trend, it seems like it's a fairly steady path when it comes to the market regaining. Of course, there are issues out there that have been difficult to assess, but we just have to combat those as far as tariffs and all that and also the currency. But we have to, as I said, just combat that. And we're very pleased to see that when the volume or the sales volume increases, then of course you also get a better productivity and then we have a good cost control. So then of course that results in a better margin. And it's also very pleasing to see that consumers in general have a preference for heat pumps. And we also feel that and judge that there'll be a continued growth in sales as the year goes by. We are coming back to a more seasonal pattern as we've described several times now. 21, 22, 23 demand also enormous. So we didn't really see that pattern. And of course, last but not least, our ambition to...