Oriola Oyj (0NES) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and a warm welcome to Oriola's Q1 results webcast. My name is Tuas-Denius Örnjälm, and I'm from Oriola's Investor Relations. With me today, I have our CEO, Katariina Gabrielsson, and CFO, Mats Danielsson. After the presentation, we open up for your questions, and please, you can already start to send in the questions through the chat. And as a reminder, we are also recording the webcast, and it will be available on the website later today. And then if we go to the next slide, here is our customer disclaimer that we all should be aware of. And without further ado, I would like to hand over to Katariina. Thank you, Tuva. And this is the agenda for today. It's a quite traditional agenda that we have in these webcasts. We will start with the highlights, then the operating environment, segments, and then Mats will talk about the financial review before we come to the Q&As. Starting then with the highlights of the first quarter. I'm really happy to be able to see that we have a steady growth and also progress towards long-term goals that we have. The net sales in quarter one 2025 ended up at 447 million euros. It's 19% growth. The organic growth is 8% since we still have the positive effect of a change in the ownership stock from consignment stock to ownership stock that we announced in quarter three 2024. Also the sales margin improved. It improved to 41.3 million euros and the sales margin is supported especially by the distribution segments. The adjusted EBITDA declined though due to higher costs and we'll come back to that a little bit later in this presentation what the reason is. I can see that we have good progress towards the long-term goals. We have customer satisfaction that is an all-time high in both countries, and that is really somethi...