Q2 2025 Nilorngruppen AB Earnings Call Transcript
Key Points
- Nilorngruppen AB (LTS:0GB5) reported a strong gross profit, attributed to effective global sourcing operations.
- The company has seen a positive trend in the Outdoor segment, which continues to perform well.
- Investments in the US market are yielding positive results, with increased staffing to capitalize on market momentum.
- Nilorngruppen AB is expanding its production capabilities, particularly in Bangladesh and Portugal, which are performing well.
- The company is strategically investing in Nilorn:CONNECT, enhancing client engagement and offering circular solutions.
- Order income and sales have decreased, with sales down 10% to SEK237 million.
- The Luxury segment is underperforming, particularly affecting the packaging product group.
- Currency fluctuations, particularly the strengthening of the Swedish krona, have negatively impacted financial results.
- Some European clients are hesitant due to market uncertainty and tariffs, affecting order patterns.
- Operating profit has decreased to SEK16 million from SEK25.6 million in the same quarter last year.
Good morning, everybody, and welcome to Nilorngruppen's Q2 Interim Report Presentation. And as usual, we will record this presentation and share later on our website. So I hope that is okay with everyone. And together with me today is Maria Fogelstrom, Nilorngruppen's CFO.
So I will start sharing my screen. Yes, Nilorn Q2 presentation and starting up with the financial performance of the quarter. It has been a quarter with ups and downs. So coming back to that a little bit in the reporting here. First of all, the order income was down 1% in the quarter to SEK205 million and the sales was down 10% to SEK237 million.
It's a big currency effect in the quarter, spanning SEK24 million or 10%. It's a big impact of the currency effect. And that is, as you probably already know, by this stage that all sales are outside Sweden. We almost -- it was nothing in Swedish krona. Everything else in US dollars, Hong Kong dollars or in euro and other currencies, Turkish lira and so on. But all our invoicing is done outside Sweden.
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