Q1 2025 Systemair AB Earnings Call Transcript
Key Points
- Systemair AB (STU:52SA) reported a strong gross margin of 36.0%, up from 34.6% in the previous year.
- The company finalized the acquisition of PHEM in Malaysia, expanding its presence in Southeast Asia and Australia.
- Systemair AB (STU:52SA) continued its capacity investments in Lithuania, Italy, Canada, and Germany, with new facilities expected to be operational in the second quarter.
- The company successfully relocated Menerga's production from Germany to Slovenia, which is expected to generate annual cost savings of at least SEK70 million.
- Systemair AB (STU:52SA) celebrated its 50th anniversary, marking a significant milestone in its history.
- Net sales in the quarter decreased by 2% to SEK3.111 billion compared to SEK3.175 billion last year.
- The company reported a smaller negative organic growth of 0.3% for Q1.
- Operating profit margin decreased to 9.8% from 10.5% in the previous year.
- Profit after tax amounted to SEK210 million, down from SEK242 million last year.
- Free cash flow decreased to SEK91.3 million from SEK177 million last year, mainly due to increased trade receivables and decreased trade payables.
Ladies and gentlemen, welcome to the Systemair Interim Report Q1 conference call. (Operator Instructions) The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Anders Ulff, CFO. Please go ahead.
Thank you very much, and welcome to everybody. Thank you very much for calling in to our Q1 presentation. Me and Roland are sitting here today in Skinnskatteberg in a beautiful weather. We can almost promise that when we are hosting also our Annual General Meeting here today at 3:00.
Maybe next year, you will be able to participate. You will find a presentation then on the Investor Relations page under Reports and Presentation of course. So by that, I hand over to Roland.
Thank you very much, Anders, and hello, and welcome, everyone, to our quarter one report. Without further ado, let me just jump into the report by switching to the second
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