Q1 2026 Nilorngruppen AB Earnings Call Transcript
Key Points
- Nilorngruppen AB (LTS:0GB5) reported a strong gross margin for Q1, attributed to a favorable product mix and increased in-house production.
- The company has a strong balance sheet with a net cash position of SEK56 million, which supports future growth initiatives.
- Nilorngruppen AB is actively investing in future growth by starting new companies in Holland and Sri Lanka and hiring additional employees in the U.S.
- The company is focusing on expanding its product offerings, including RFID and heat transfer, to meet client demands and improve margins.
- Nilorngruppen AB has been approved for science-based targets, enhancing its reputation as a reliable and sustainable supplier.
- Order intake decreased by 18% in Q1, impacted by a significant currency effect and cautious market conditions.
- Sales were down by 16% in consolidated Swedish krona numbers, with a 10% impact from currency fluctuations.
- Operating profit declined to SEK15.4 million from SEK23 million last year, partly due to nonrecurring costs related to structural projects.
- The company is experiencing uncertainty in the luxury segment, with normalization now expected later than initially predicted.
- Nilorngruppen AB is still searching for a Chief Commercial Officer, which may impact its commercial strategy and execution.
Good morning. Good morning, everybody. Just waiting a few seconds. I see there's more coming in here in the lobby.
Yes. First of all, a big excuse for the concern regarding the technical issue we had with Teams this morning. We're doing this completely ourselves, so we don't have an agency and so on. So I hope you -- and I think there was some sort of update with it what I heard regarding Teams. So there was some concern there.
But now I'm really glad that you all are on this call. And as usually, this call will be recorded. So we put that out on our web page later on. And also, as usual, Maria Fogelstrom, our CFO, joined this call and will help me answer questions and so on, if any.
And also, Maria, yes, for questions, how to do when you want to ask questions.
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