Troax Group AB (publ) (TROAX) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi everyone and welcome to Trovax Group's interim report for the first quarter 2026. My name is Martin Nystrøm and I'm the president and CEO of the group since close to two years. Without further ado, we will dive into the report and after my presentation we will follow up with a Q&A session which we will moderate. If we start with the first quarter highlights, I'm very happy and very pleased that we had a record order intake in the group's history. This growth is driven by mainly by our acquisitions. So in total, we had an order intake growth of 18% in the quarter. Also our net sales increase, but not as much. And also the net sales was driven by our recent acquisitions. Our order intake decreased year on year. However, it improved versus the fourth quarter. So sequentially, we saw a slight uptick also in our organic order intake. During the quarter, we had declining organic invoicing, mainly due to our project to close down our Chicago facility and ramp up our new facility in Nashville. This meant that we during the quarter were making the move and also ramping up and down and during the quarter we have not reached the full pace at the beginning of the quarter. So for the full quarter we were not invoicing as much as a normal quarter so to speak. We also saw our price increases that we put through in the fourth quarter due to raw material and energy and transportation. They have also started to come in positively both to the sales number as well as to the margin in the quarter. I will get back to that through the presentation. On the market side, I would say their markets overall remain soft and demand remained weak. I would also say that due to the macroeconomics and geopolitics, it's very difficult to assess. And this is largely as we saw with the previous quarte...