Q2 2023 Lagercrantz Group AB Earnings Call Transcript
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So we posted a strong revenue growth of 39% in Q2 and also a very good -- we believe very strong organic growth. We had some strong -- really strong organic growth last year, but it likely went down a little bit in Q1 but picked up, here again, a little bit in Q2. So that's a strong sign from us, we think, that the organic growth is keeping up at a good pace. And then we added some 24% of the revenue growth was coming from acquisitions, and then we have a positive currency effect of 4% as well.
The quarter has been for us, but we have also done very good -- I think, very good proactive management with a lot of price adjustments still, even though a little bit slightly less than before, I would say. But still, we have been able to keep our margins at a good level and have some pricing power in the -- where we work with the very specialized companies we have in many instances. But we have been dealing with increased -- seeing raw material cost increases still. And we've also seen some companies, especially within the control division still struggling with component
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