Q1 2025 Embellence Group AB (publ) Earnings Call Transcript
Key Points
- Embellence Group AB (OSTO:EMBELL) achieved a gross margin improvement to 62%, up 3.7 percentage points from the previous year.
- The company's two largest wallpaper brands, Bogotapietto and Kolanan, returned to growth, marking a positive development.
- The manufacturing segment continued its strong performance with a 39% increase in sales compared to the previous year.
- The EBITA margin improved to 16%, reflecting progress towards the company's long-term target.
- A new finance agreement with a leading Nordic bank was secured, offering better terms and flexibility.
- Overall sales declined by 6% due to a significant drop in the Artscape business, which decreased by SEK21 million.
- The brand segment experienced a 9% decline, primarily impacted by extraordinary factors affecting Artscape.
- Wall and Deco did not reach last year's sales levels, mainly due to a weaker home market in Italy.
- The rug company, Paulina, did not achieve international growth, prompting management changes to improve performance.
- The company anticipates more stable growth numbers in the future, as it will face tougher comparison numbers from previous high-growth quarters.
The imbalance Group Q1 2025 report presentation. For the first part of the conference call, the participants will be in listen-only mode. (Operator Instructions)
Now I will hand the conference over to the speakers. President and CEO, Johan Andgren, CFO Karen Lian, please go ahead.
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Thank you very much and welcome everybody to Ambulance Q1 report. My name is CNY Ayen, and I recently started as the CEO for the group, and together with me today is the group CFO Covin Lydian.
So let's look then at what we achieved with the business during the 1st quarter of the year.
It was an overall good quarter, despite the fact that we had a negative sales growth of 6% driven by the arscape business, which we knew would decline in Q1 and which we also flagged for in the last quarterly report. In fact, the arsgate business declined at SEK21 million versus last year, and I will shed some light on two extraordinary one-time effects later on as well.
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