Brodrene A & O Johansen AS (FRA:XH0)

Q4 2025 Broedrene A & O Johansen A/S Earnings Call Transcript

Feb 26, 2026 / 12:00 PM GMT

Release Date Price: €12.56 (+2.78%)

Transcript

Key Points

Positve

Brodrene A & O Johansen AS (STU:XH0) reported revenues slightly above guidance, ending at 6,121.1 million against the guided 6.0 to 6.1 billion.
The company achieved the highest quarterly activity ever, with sales almost 8% higher than last year.
Organic growth was observed in both B2B and B2C segments, highlighting the effectiveness of their omni-channel business model.
Gross margins increased in both B2B and B2C segments, despite intense market pressure.
The company proposed a dividend of 3.75 Danish crown per share, marking the fifth consecutive year of dividends being 50% or more of net results.

Negative

Project margins are under pressure due to fierce competition and cost challenges.
Increased project activity is likely to negatively impact margins in the short term.
The cost of doing business increased due to add-on investments and inflation, impacting profitability.
Net working capital increased to 7.6% of revenues, up from 7.1% last year, indicating higher inventory levels and credit negotiations.
The level of earnings did not meet the company's longer-term earning ambitions, necessitating continued focus on profitable growth and efficiency.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AOJb.CO - Broedrene A & O Johansen A/S
Q4 2025 Broedrene A & O Johansen A/S Earnings Call
Feb 26, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to Bologna A&O Johansson's Q4 and full year 2025 annual report presentation.

Today's call is being recorded. If you have any objections to this, please disconnect your line.

All participants will be in a listen-only mode throughout the presentation, and afterwards there will be a question-and-answer session. To ask a question, please press 5 star on your telephone keypad.

I will now turn the call over to CEO Nils A. Johansson. Please begin.

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Unidentified_2 [2]
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