Q1 2025 TCM Group A/S Earnings Call Transcript

May 21, 2025

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May 21, 2025 / 07:30AM GMT
Operator

Good day, and thank you for standing by. Welcome to the TCM Group Interim first quarter 2025 report Webcast and conference call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, Torben Paulin. Please go ahead.

Torben Paulin - TCM Group A/S-Chief Executive Officer - Member of the Executive Management Board

Thank you very much. Good morning, ladies and gentlemen, and welcome to the presentation of the first quarter results for TCM Group. Presenters today are our CFO, Thomas Hjannung; and myself, CEO, Torben Paulin. We will comment on the business and financial results, after which we will hand over to the operator for the Q&A session. Let's start the presentation and turn to Page 2 for the business update.

Sales in the first quarter of 2025 developed in line with our expectations, with declining B2B project sales and a robust increase in B2C sales. Due to the increase in B2C sales, revenue

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