Prevas AB (PREV_B) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to today's webcast with Prevas. With us presenting today we have the CEO Magnus Villén and CFO Lena Buström. If you're calling in or like us a question please press star nine to raise your hand and star six to unmute 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. My name is Magnus Villén and I'm the CEO of Prevas and together with me today we have Lena Buström. The purpose for this meeting is of course to review the Q2 results of Prevas. The short agenda for this meeting is that we start with an introduction. We will have a review of our financial performance for the quarter. We will have a market update and we will finalize with a Q&A session. Looking into Q2 2025 for Prevas, we continue to grow. We grow .3% during the quarters and that was driven by acquisitions. Looking into profit, the profit for the second quarter was 20.7 million SEK. That was impacted by restructuring costs of 6 million SEK by a calendar effect of 5 million SEK and the lower utilization in this challenging market. Looking into the broader picture we can also see that the margins were improved in Finland for the consecutive quarter in a row. Actually Finland improved the margins during the second quarter of 2025. If we adjust the profitability, the EBITDA, for the restructuring costs and the negative calendar effect, the EBITDA was 31.7 million SEK equals to 7.7%. If we look into the first half of 2025, the accumulated figures, we had .6% turnover growth and .7% of EBITDA. As a summary, to be honest, we are not satisfied with margins like this. We are taking actions in order to improve. I will come back later on in the presentation to be more clear about what ...