Volati AB (VOLO) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to today's presentation where we have Volati presenting. With us we have the CEO Andrea Stenbäck and CFO Martin Aronsson. We'll open up for a Q&A after the presentation. You can either type in your questions using the form or if you're calling in and would like to ask a question please press star 9 to raise your hand and star 6 to mute yourself when you get the word. And with that said please go ahead with your presentation. Thank you. Very happy to have all of you listening in today. So let's get into the presentation of the Q1 result. So Melotti, we're a growing group of well-managed companies with strong earnings. I would like to remind you about that we are operating with six platforms. We have Solix Group, Etiquette Group and the four platforms within business area industry. We've had an average annual growth of 17% since 2019, so more or less the last five years, and that's despite the recent year's market headwinds. Looking at Q1, one could see that the trend from last quarter remains. It's the second quarter in a row where we see some signs of recovery in the market after many years of tough conditions. Sales growth was 15%, but I'm even more happy about looking at the organic sales growth, which was 4%. We've also, thanks to improved margins, seen the effect in the EBITDA growth, which was 48%, we're off 33% organic. And all platforms except for Coraventa contribute to that profit growth. We will get into Coraventa a bit later on, but to just say one sentence about it, it's mainly because of Coraventa having a really strong quarter last year. So tough comparables for that platform. As I said before, we do see some signs of recovery in the market, in particular when it comes to the construction related segment, which everyone...