Q1 2025 Lagercrantz Group AB Earnings Call Transcript
Key Points
- Lagercrantz Group AB (FRA:LG72) posted a solid quarter with net revenues increasing by 10% to SEK2,253 million.
- The company completed two acquisitions in July, adding SEK280 million in annual net sales.
- The EBITA margin remained strong at 17.1%, despite a slight decrease from the previous year.
- The international division showed significant improvement, achieving average group level on a rolling 12-month basis.
- The electrify division posted a very strong quarter, driven by improvements in other areas despite the lack of project deliveries from the previous year.
- Organic growth was negative at -3%, largely due to the absence of a significant project from the previous year.
- The control and techsec divisions experienced weaker performance, particularly in companies related to the construction sector.
- The EBIT margin for the electrify segment was down by 2 percentage points year-over-year.
- Some interest rate-sensitive businesses within the niche products division struggled, including Truxor, Westmatic, and Waterproof Diving.
- The company faced a relatively tough comparison from a very strong Q1 report last year, impacting year-over-year performance metrics.
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Thank you, and good morning, everyone. Jörgen Wigh speaking here, CEO of Lagercrantz. And together with me here today this morning, we have our CFO, as well, Peter Thysell. We will guide you through the interim report.
We just a few weeks back released our annual report and everything. So I think you're fairly up to date with what we have. So we will keep this session a little bit shorter than normal. It's only our first quarter here. But as we think it's a solid good quarter and a good start to the year.
We will -- we're put together the presentations as we normally do with just a brief introduction to all of those that are new to the group. But along the way, we will discuss them in the second phase, the numbers and the Q1 and where we are with everything, and then we will round off with also some discussions a little bit more future looking and what we are about to do in the group and also the more recent acquisitions we just closed here.
We actually closed one last night as you may have seen this
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