Q1 2025 Volati AB Earnings Call Transcript
Key Points
- Volati AB (FRA:VOG) reported a strong sales growth of 15% in Q1, with organic sales growth at 4%.
- EBITDA growth was significant at 48%, with 33% being organic, indicating improved margins.
- The company completed two acquisitions in the year, adding SEK 300 million in annual revenue, contributing to growth.
- Salix Group saw net sales growth of 25% and nearly doubled its EBITDA, showcasing effective cost control and synergy realization.
- Ettiketto Group delivered a strong quarter with a 32% sales increase, driven by both acquisitions and organic growth.
- Volati AB (FRA:VOG) has not met its financial growth targets for the past two years, creating a growth gap.
- The Tornum Group continues to face headwinds in a slow European market, impacting overall performance.
- Net debt-to-EBITDA ratio increased to 2.9x, reaching the upper range of the company's financial target.
- The Industry business area experienced a slight revenue decline of 2% in the quarter.
- Corroventa did not improve its profit due to strong comparables from the previous year and lack of significant flooding events.
Good morning, everyone. Welcome to today's presentation where we have Volati presenting.
With us, we have the CEO, Andreas Stenbäck; and CFO, Martin Aronsson.
(Operator Instructions)
With that said, please go ahead with your presentation.
Thank you. Very happy to have all of you listening in, today.
Let's get into the presentation of the Q1 results.
Volati. We're a growing group of well-managed companies, with strong earnings. I would like to remind you about we are operating with six platforms. We have Salix Group; Ettiketto Group; and the four platforms within business area, Industry.
We've had an average channel growth of 17% since 2019. So, more or less, the last 5 years. And that's despite the recent years' market happenings.
Looking at Q1, one could see that the trend from last quarter remains. It's the second quarter in a row, where we see some signs of recovery in the market, after many years of tough conditions.
Sales
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