Q2 2024 Investment AB Latour Earnings Call Transcript

Aug 20, 2024 / 08:00AM GMT
Operator

Good morning, and welcome to the presentation of Investment AB Latour's interim report for the second quarter 2024.

(Operator Instructions) And I will now hand over to our CEO, Johan Hjertonsson; and CFO, Anders Mörck.

Johan Hjertonsson - Investment AB Latour - President, Chief Executive Officer, Director

Thank you, Katarina. I'm here together with Anders Mörck, as said, our CFO. Welcome to the Q2 quarterly presentation.

As we start with the first slide, Katarina, and the overall group structure is unchanged compared to last time we spoke. We had a good second quarter, despite the weak business climate. Order intake is growing again organically. We actually had plus 5% organic growth in the quarter, which I think is quite strong given the economic business climate we are in, whilst net sales were slightly below last year's high volumes with a slightly lower result, as a consequence.

The general demand is still quite good in many markets that we operate on. But it varies between regions and industries. Weaker demand for businesses

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