Prevas AB (PREV_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

With us presenting today, we have the CEO Magnus Villén and CFO Helena Burström. If you're calling in and would like to ask a question, please press star 9 to raise your hand and then star 6 to mute yourself when you get the word. You can also type in your questions using the form to the right. And with that said, please go ahead with your presentation. Thank you very much. My name is Magnus Villén and I'm the CEO of Prevas. And as you said, together with me today, I have... Helena Burstam, CFO. Hello. And the agenda for this short meeting will be, we start with an introduction. We will have a review of our financial performance of the quarter. We will have a view on the market, short market update, and then we will finalize the meeting with a Q&A session. And I hope that you all have very good questions for the Q&A session after the presentation. Okay, looking into the first quarter of 2025 for Prevas. The turnover was 430.7 million SEK. The growth was driven by acquisitions. We actually had to reduce organic growth for this quarter. And that was due to a lower utilization than last year. And also a consequence of the mitigations actions that we have taken. We actually have reduced capacity in some regions in order to cope with the lower demand. And that was, of course, then also reducing the turnover for the quarter compared to one year ago. But all in all, 6% growth for the quarter. Looking into the profit levels for Prevas during the first quarter, it was actually above Q3 and Q4 2024, although lower than Q1 2024. The EBITDA came in on 35.6 million SEK with an EBITDA margin of 8.3%. And to be honest, this is not an EBITDA that we are satisfied with. We have a financial target to reach 12% of EBITDA. And we are now on 8.3. What we have been doing for this quarter ...