Q2 2025 Investment AB Latour Earnings Call Transcript
Key Points
- Investment AB Latour (IVTBF) achieved organic growth in both order intake and net sales despite challenging market conditions.
- The company reported a strong performance in its wholly-owned industrial operations, with a 9% increase in order intake and net sales.
- Nord-Lock reported a record quarter with an all-time high order intake and operating profit, driven by strong sales in EMEA and Americas.
- Innovalift experienced significant growth, with a 29.3% increase in order intake and a 35% rise in net sales, supported by acquisitions and organic growth.
- The company successfully completed several acquisitions, adding SEK1.8 billion in net sales on an annual basis, contributing to its growth strategy.
- Investment AB Latour (IVTBF) faced negative currency effects that impacted its gross margin across several business areas.
- The Hultafors Group experienced a decline in net sales due to challenging market conditions in Europe and North America, exacerbated by US tariffs.
- The value development of the company's listed portfolio was negative, with a decline of 4.2% at the end of June.
- Swegon reported a decrease in organic sales by 4% compared to the previous year, affected by lower volumes and currency effects.
- The company's net asset value decreased by 1.9% adjusted for dividends during the six months, underperforming the SIXRX index.
Welcome to the presentation of Investment AB Latour's interim report for the second quarter 2025. (Operator Instructions)
I will now hand over to CEO, Johan Hjertonsson; and CFO, Mikael Albrektsson.
Thank you, Katarina. Very welcome, everybody, to our presentation of the Q2 report 2025. And as Katarina said, I'm here with our new CFO, Mikael Johnsson Albrektsson. So very welcome, Mikael, to your first presentation for the Latour quarterly results.
As you can see on the first slide, our overall group structure is unchanged. And despite the challenging business climate and unstable political situation, we see a continued good performance in our businesses and we're very happy with that. The general demand is quite good in many of the markets that we operate on, but it varies between regions and industries.
We grew organically during the quarter in both order intake and net sales.
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