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NIBE Industrier AB (OTCPK:NDRBF) Q1 2025 Outcomes Convention Name Could 15, 2025 5:00 AM ET
Firm Individuals
Eric Lindquist – Managing Director and Chief Government Officer
Hans Backman – Chief Monetary Officer
Convention Name Individuals
Christian Hinderaker – Goldman Sachs
Carl Deijenberg – Carnegie
Carl Ragnerstam – Nordea
Vivek Midha – Citi
Karl Bokvist – ABG Sundal Collier
Brijesh Siya – HSBC
Viktor Trollsten – Danske
Axel Stasse – MS
Fredrik Agardh – SEB
Gustaf Schwerin – Handelsbanken
Eric Lindquist
Thanks very a lot. Good morning, everybody on the market. Good morning. Good morning. It is a beautiful day right here in Markaryd, Commencement day, we name it, when we’ve got the Annual Shareholders Assembly in a while at present. So we’ll use our common sample. We begin to undergo the report, Hans and I, after which we enable for questions. And on account of all different issues that we’ve got to take part and perform at present, we’d respect if we might cease round midday. So that offers us an hour in whole
Hans Backman
And limiting the questions to 2 per particular person.
Eric Lindquist
Sure. That is proper. Thanks, Hans. And the headline we wish to say is just about in keeping with our personal expectations. That is Q1. And there’s indicators of restoration in considerably, after all, nonetheless cautious market. However already on the finish of This fall final 12 months, we noticed a change and that continues, and that fills us with positivism, after all. Our motion program is in place, and that makes us return to a extra conventional seasonal sample as nicely as a result of now the massive orders that we had for years, they’re just about gone, and now it is again to extraordinary sample. And what’s additionally very pleasing is that the inventories within the distribution chain, they’ve come down. We name it extra acceptable ranges relatively than saying that they’re splendid ranges. We won’t actually decide that. However