Q1 2025 Storskogen Group AB (publ) Earnings Call Transcript
Key Points
- Storskogen Group AB (LTS:0AA9) reported a strong cash conversion rate of 88%, exceeding their target.
- The company achieved positive organic EBITDA growth in both trade and services, alongside margin improvements.
- Storskogen Group AB (LTS:0AA9) maintained a healthy leverage ratio of 2.3 times EBITDA, the lowest since Q1 2022.
- The company completed a small add-on acquisition, enhancing its automation business, Danmatic.
- Storskogen Group AB (LTS:0AA9) has a strong cash flow, supporting future acquisitions and long-term growth plans.
- Sales decreased by 5% compared to the same period last year, primarily due to divestments.
- The industry segment experienced a slow start to the year with a 9% decrease in adjusted EBITA.
- The infrastructure vertical within services faced challenges due to seasonality and exposure to the construction industry.
- The company reported a negative cash flow of SEK777 million for the period.
- High concentration of sales in Sweden and cyclical sectors poses a risk if the economy does not rebound as expected.
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Good morning, and welcome to the presentation of Storskogen's report for the first quarter of 2025. I'm Christer Hansson, CEO of Storskogen. And with me today is Lena Glader, our CFO. This past quarter once again underlines the strength of our diversified strategy, owning and developing small- and medium-sized businesses across trade, services and industry. The breadth give us exposure to different parts of the economy and helps balance our performance across cycles.
The first quarter is, however, usually our softest period of the year. Still, I'm pleased to see that the positive progress across our operations has continued into the new year. Before we get into the details, let's begin with an overview of Storskogen.
Storskogen is a diversified international business group with sales of SEK33.8 billion over the last 12 months and adjusted EBITDA of SEK3.2 billion spread across our three business areas. Services and industry track above 10% margin on an annual basis, with trade currently
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