Nimbus Group AB (BOAT) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.416 and good morning and welcome uh 00:00:03.416 -- 00:00:08.543 we start down with um we had a very nice picture the first one um actually that 00:00:08.543 -- 00:00:13.850 is what is all about so to say the recreational um 00:00:13.850 -- 00:00:16.554 the dream so to say um 00:00:16.554 -- 00:00:19.979 of a good recreational time then 00:00:19.979 -- 00:00:25.647 uh but we start down with the business update for the first quarter 2025 00:00:25.647 -- 00:00:30.869 The sales then amounted to 300 million, actually then 00:00:30.869 -- 00:00:33.342 down by 13%. 00:00:33.342 -- 00:00:38.668 And so far then, in pair with our peers that we follow, both 00:00:38.668 -- 00:00:41.752 in Europe and America, 00:00:41.752 -- 00:00:46.337 it is tricky in our industry to get the total pictures so quick, so to say. 00:00:46.337 -- 00:00:51.804 But a fair guess is, well, that the market has moved down maybe 00:00:51.804 -- 00:00:55.428 a couple of percentage points 00:00:55.428 -- 00:00:58.031 more than we have done then, and our peers. 00:00:58.031 -- 00:01:03.740 And actually, one of the giants in the business, Brunswick, has reported just 00:01:03.740 -- 00:01:06.064 minus 13 percent. 00:01:06.064 -- 00:01:11.212 So there is where the market is today. We have the EBITDA then on minus 00:01:11.212 -- 00:01:13.936 13 million, slightly 00:01:13.936 -- 00:01:18.303 lower loss actually then despite the decrease in volume. 00:01:18.303 -- 00:01:21.027 We had the order intake of 334 00:01:21.027 -- 00:01:23.027 million 00:01:23.111 -- 00:01:28.657 below last year. and what we can say there is that we had a good start 00:01:28.657 -- 00:01:34.364 for the year but we then saw a slower a soft march 00:01:34.364 -- 00:01:39.811 that somehow then affected the...