Swedencare AB (publ) (SECARE) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the presentation of SwedenCares Q1 reports, led by our CEO Håkan Lagerberg and CFO Jenny Graflind. And we are pleased to have NatureVet CEO Jeff Granger joining us with the presentation during today's webinar. And as usual, we will have a Q&A after the presentation, so please raise your hand if you have any questions and we will answer them in the end. Over to you, Jenny and Håkan. Thank you so much, Emma. Yes, welcome to you all. Thank you for your interest. It's not only the Q1 report today. We also have our AGM here in Malmö at one o'clock today. So I'm happy to say that I will meet some of our precious shareholders today. But let's start with the Q1 25 highlights. A solid quarter, 7% growth, 5% organic. and 19.4 EBITDA, operational EBITDA and strong cashflow. Growth a bit softer than where we want to be, but I mentioned that in the Q4 report that we expected a softer Q1 in preparation for lots of things that will happen. And it was like that. And Jenny will explain the lower EBITDA. So, but we expect us to keep on improving over the year to come. Lots of talks and questions about the new tariffs from the US and how that will impact SwedenCare. And as many of you know, we have had a strategy of investing both in manufacturing and sales forces locally or on every continent. ship very few products over the Atlantic and so we are not impacted basically at all. We ship our, let's say, raw material from Proton Plakoff, we ship that from Europe but still that's a high, high margin product so the effect on our margin is more or less negligible. But of course, going forward, you never know what happens and how it will affect the economy as a whole. But as I wrote in my comments in the report, the pet industry has been a very solid industry since 1945 with growt...