Q1 2025 Vestum AB (publ) Earnings Call Transcript
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Hello, everyone and hello, everyone, and welcome to our presentation of Vestum's interim report for Q1 2025. My name is Simon Goethberg, CEO of Vestum; and together with me also Olof Andersson, CFO of the company. Now let's have a look at some highlights from the quarter.
Our focus on growth and investments in both organic initiatives and acquisitions has proved successful. In the first quarter, Vestum generated an organic growth of 3%, while profitability was strengthened. And this is the first time in two years that existing operations have generated positive organic growth.
Leverage came down to 2.1 times reported EBITDA, mainly driven by divestitures and cash flow decreased as expected in the quarter, driven by an increase in investments in organic growth, increased working capital tie-up and some financial one-time costs related to the early redemption of Vestum's last outstanding bond. And the investments mainly relate to geographical expansion in both our UK operations within Flow
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