May 15, 2025 / 08:00AM GMT
Operator
Welcome to the Ferronordic Q1 2025 Report Presentation. (Operator Instructions)
Now I will hand the conference over to speakers, CEO, Lars Corneliusson; and CFO, Erik Danemar. Please go ahead.
Lars Corneliusson - Ferronordic AB - President, Chief Executive Officer, Director
Thank you. This is Lars Corneliusson here and welcome to the report on our first quarter of 2025. And if we can press -- sorry. And we call the report steady despite uncertainty.
And obviously, there are -- there is increased uncertainty in our markets and in our industry. We will obviously come back to that. And despite that uncertainty, our revenue actually increased by 3% to SEK1.2 billion. However, we saw a decline in gross profit and that was partly due to revenue and product mix.
And selling and administrative costs came down. And that was partly thanks to cost reduction that we have entered upon and lower sales commissions. So we had an operating result, which decreased to SEK13 million, which was mainly a result of the lower gross margin. We also had net
Q1 2025 Ferronordic AB Earnings Call Transcript
May 15, 2025
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