Full Year 2025 Bergman & Beving AB Earnings Call Transcript
Key Points
- Bergman & Beving AB (FRA:BLRB) increased turnover by 8%, primarily driven by acquisitions.
- The company maintained its EBITA margin at 9.5%, close to last year's 9.6%.
- Earnings per share improved to SEK8.05 from SEK7.15, adjusted for goodwill write-down.
- The company has a strong acquisition pipeline and plans to continue acquisitions in line with its targets.
- Bergman & Beving AB (FRA:BLRB) has achieved 21 consecutive quarters of increased EBITA, with a CAGR of 26% over the period.
- The market remains sluggish, with a 2% decrease in employees in the construction and industry sectors in the Nordics.
- The company did not make any acquisitions in Q4 due to not meeting high-quality criteria.
- Gross margin was slightly lower due to new customer onboarding and one-off negative effects.
- The Industrial Equipment division faced weaker demand, resulting in decreased revenue and EBITA.
- The divestment of Skydda Nordic will impact the EBIT target of SEK500 million.
Good morning, everyone. This is Magnus Soderlind. And on my side here, I have Peter Schon. So welcome to our financial report for the last fiscal quarter up until March 2025. So we will have, as normal, a Q&A in the end, and it's also possible for you to post questions along the way that we will then answer when we have ended this session.
So just starting with some highlights from the first quarter. We have experienced still a sluggish market. I have previously said that the best KPI from an aggregated group level is number of employees in the construction and industry sector in the Nordics. And new figures indicate that there has been a 2% decrease in the Nordics. This is a mixture from Q1 calendar figures in Sweden and Finland and Q4 figures for Norway. But overall, this is very representative for how we perceive the underlying market during the last quarter.
Despite that, we have increased earnings and profitability and also the earnings per share. So we increased the turnover by 8%. The majority of
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