Nilörngruppen AB (NIL_B) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody, and welcome to Nilen Gruppen's Q2 interim report presentation. And as usual, we will record this presentation and share later on with our website. So hope that is OK with everyone. And together with me today is Maria Fogelström, Nilen Gruppen's CFO. So I will start sharing my screen and also we'll take that into Yeah. Nyland Q2 presentation, and starting up with the financial performance of the quarter. It has been a quarter with ups and downs. So coming back to that a little bit in the reporting here. First of all, the order income was down 1% in the quarter to 205 million Swedish, and the sales was down 10%, 237 million Swedish. It's a big currency effect in the quarter, standing for 24 million or 10 percent. There's a big impact of the currency effect, and that is, as you probably already know by this stage, All sales are outside in Sweden. It was nothing in Swedish krona, everything else in US dollars, Hong Kong dollars or in Euro and other currencies, and so on. But all the invoicing is done outside Sweden. It has been a quite volatile market. We've seen a still comeback on the outdoor segment going really well. But the luxury segment is suffering. And for luxury segments, they're mainly in the packaging of the luxury segment. They can also be seen in the different categories that we are selling. We've also seen that European clients are a little bit hesitant. Especially the clients that are exporting to the US. Due to the tariffs and uncertainty in the market. Some clients are more cautious. That means that they are placing the orders later in the season to be more strict. So we also see a change in the ordering pattern to be more later in the season. We also have had in the quarter a few clients that have gone into administration. So w...