Nimbus Group AB (BOAT) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. This is Johan Indan speaking. Welcome to the Nimbus Group report for the first quarter. Together with me in the room here, I have Christian Johansson, who's joining as the CFO. And Christian, this is our first quarter that we report together. Welcome to Nimbus. I'm happy to have you on my side. And maybe you should say just a word to introduce yourself. Yeah, thank you, Johan. And good morning, everyone. It feels very good to get this opportunity to be part of your Nimbus management team, Johan, and this fantastic Powerboat group, even if it is for a limited period of being an interim. Short about myself, I'm a professional. I've worked more than 30 years, primarily enlisted in national industrial companies such as ABB, Volvo and SKF. But during the last years, also in private equity and family-owned businesses. And mostly I've had the CFO role, but sometimes also acted in other management capacities excellent christian i'm happy to have you on my side now let's get to the core of the presentation which is of course our results for the first quarter we continue operating in a soft market it's characterized by the turbulence that we see in in global politics and it drives a cautious behavior by our dealers and by retail customers We see how this primarily influences the order book for commercial sales, which has been reduced. On the other hand, we see that our retail sales keep their order book on a good level. So I will come back to the order book just in short. For sales, we reduced by 14% as compared to first quarter 2025 and landed on 257 million SEK. Gross profit reduced to 13 million SEK as compared to 37 for the corresponding quarter last year. The reduction in gross profit is primarily volume driven, but also we see under absorption in ...