Nimbus Group AB (BOAT) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Nimbus Group Q2 report for 2026. This is Johan Indum, CEO speaking, and together with me, I have Christian Johansson, our CFO. If we start by framing the quarter, we continue navigating a cautious market resulting in lower volumes. However, we are able to compensate these lower volumes by improved performance across the company. And I'll come to that when we disclose the numbers. And I would say that we are navigating these rough waters with a steady hand on the wheel and and making sure that we keep a good heading. If we look at the numbers then, to summarize the quarter, net sales amounted to 479 million SEK, that is 16% lower than last year, and that's consistent also across the first half. So we see a market that is then trending for us 16% lower. If we look at the order book, that's also consistent with the numbers. It's 15% lower than last year. So we see a market that is kind of stabilizing on that level. And I'll come back to the details on the order book with a split between commercial and retails on the next slide. Then coming to the compensation, we see a gross profit coming in at the same level as last year. And percentage-wise or margin-wise, of course, that is an improvement. This is driven by improved mix between our brands. And also when it comes to size of products, we're selling more of the Nimbus brands. We're selling more average or larger average size of the products, which improves our profitability. and it's also driven by efficiency across our production system. And there I'd like to highlight the work in our Mariestad factory in Sweden, where we are producing the Nimbus Coupe, so the biggest boats, the 495 as an example. They've run a really good job on the efficiency and are reaching productivity levels we haven't seen for qui...