Brodrene A & O Johansen AS (LTS:0RNT)

Q1 2026 Broedrene A & O Johansen A/S Earnings Call Transcript

May 1, 2026 / 11:00 AM GMT

Release Date Price: kr91.4 (+6.34%)

Transcript

Key Points

Positve

Brodrene A & O Johansen AS (FRA:XH0) reported the highest first quarter sales ever, with a growth of 6.5% in Q1.
B2C segment saw a significant revenue growth of 16%, contributing to overall positive performance.
Gross margins improved to 24%, up from 23.9% last year, indicating better profitability.
The company successfully doubled its number of stores in Sweden from 5 to 10 in two years, enhancing market coverage.
The acquisition of JALMV Cables is expected to strengthen the company's product assortment and positioning within the project segment.

Negative

The competition remains fierce, with a one-sided customer focus on price, especially in project sales.
Demand remained lower than supply of wholesale capacity in Q1, impacting pricing strategies.
Investments in business growth have increased the cost base, raising the cost of doing business ratio.
Geopolitical tensions and rising inflation pose risks to consumer investment appetite and market demand.
The B2B segment experienced a margin shortfall of 0.2% due to continued pressure from the project market.

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
Q1 2026 Broedrene A & O Johansen A/S Earnings Call
May 01, 2026 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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All participants will be in a listen-only mode and afterwards there will be a question-and-answer session. To ask a question, please press five star on your telephone keypad.

I would now like to hand it over to your speakers, CEO Nils A. Johansson and CFO Pierre Tolstang. Please go ahead.

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Unidentified_2 [2]
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Good afternoon and welcome to our first quarter 26 webcast.

Let us look at some of the highlights of the first quarter.

AOC saw the highest first quarter sales ever.

We saw a growth of 6

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