Q1 2025 Ratos AB Earnings Call Transcript
Key Points
- Ratos AB (RTOBF) reported a record quarter with a 32% increase in adjusted EBITDA.
- All business areas showed an increase in EBITA, indicating broad-based growth.
- The company completed the reconstruction of Contortion in February, showing strong results in Q1.
- Strong order intake in construction and services, with order books at record highs.
- Product solutions segment saw a 9% increase in net sales despite a slow market.
- The company experienced a 4% decline in net sales due to discontinued operations in Plantasjen and Expin Group.
- Industrial services faced a negative calendar effect, impacting EBITA by SEK8 million.
- TFS continues to face challenges in the clinical trials market, with a weak market outlook.
- Net debt increased by SEK800 million during the quarter, primarily due to negative cash flow.
- The company incurred several one-off costs related to restructuring and staff reductions in various segments.
Good morning, everyone, and welcome to Ratos and the presentation for the first quarter 2025. The day will look like this or the hour will look like this. We have with us in the studio, we have Jonas Wistrom, our CEO; and our Finance Director, Mattias Junde, who is stepping in for our CFO, Jonas Agrup, who can unfortunately not be with us today. First, we will do the presentation, and then we open up for questions. And I should also like to add that the webcast will be available on our website after the presentation.
So I think with that, we should get started. Please, Jonas.
Thank you, Katharina and thank you all for joining this morning where we will present a record quarter for Ratos. We had a strong start of the year. Adjusted EBITDA is up 32%. All business areas actually increased their EBITA.
Ratos is continuing to go up. We have divested our team. I think we'll close it in, mid-May. And, we have completed the reconstruction
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