Nimbus Group AB (BOAT) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

and good morning and welcome uh we start down with um we had a very nice picture the first one um actually that is what is all about so to say the recreational um the dream so to say um of a good recreational time then uh but we start down with the business update for the first quarter 2025 The sales then amounted to 300 million, actually then down by 13%. And so far then, in pair with our peers that we follow, both in Europe and America, it is tricky in our industry to get the total pictures so quick, so to say. But a fair guess is, well, that the market has moved down maybe a couple of percentage points more than we have done then, and our peers. And actually, one of the giants in the business, Brunswick, has reported just minus 13 percent. So there is where the market is today. We have the EBITDA then on minus 13 million, slightly lower loss actually then despite the decrease in volume. We had the order intake of 334 million below last year. and what we can say there is that we had a good start for the year but we then saw a slower a soft march that somehow then affected these figures and what we have then is a weakening market in relation then to the estimate from year end last year which has affected the commercial sales and what we maybe then especially sees is this steep decline then in other markets or rest of the world It's only representing 4% of our total business during 2024, but a lot of this market sales was then from quarter one last year. And then, of course, a lot of companies has already reported about that, but the tariff situation fuels this uncertainty and this hesitancy among customers. We are back again to the picture that we had. during 2024 and i think it's fair to say that the picture is unpredictable for the moment but we also have on the p...