FM Mattsson Mora Group AB (publ)

Good morning everyone and welcome to this presentation from FEMATSOM Group and our results for the first quarter of 2025. And we who present today in the usual order are Jörg Fredrik and my colleague Martin. Hello. And we will go through a couple of pictures here with the closing question time and our business that has been utgår ifrån är våra sex starka varumärken i koncernen som äktar sig mot olika målgrupper och olika regioner som tillsammans tycker vi ger oss en bra bredd och bra djup att utveckla våra befintliga och nya kolderelationer i våra olika marknader. Har vi sedan en titt in i första kvartalet 2025 så Känns väldigt roligt att kunna summera en bra start på året och speciellt beaktat att vi har en konjunktur som inte riktigt är till vår hjälp. Det har ju varit så en tid så därför känns det extra roligt med en bra start på året där försäljaren ökade med 6,1% jämfört med första kvartalet 2025-2024. Och vi kan också se att båda våra segment It grows by 4.1% in the north and increases in our international market by 9.1%. It is also fun to see that our margins are following up and an improvement in our elite margin from 10.8% to 11.1% here in the first quarter compared to the corresponding quarter. One explanation for this is that we have a good sales volume to work with. At the same time, we want to emphasize that we also have a number of initial costs that affect the margin. Without them, the margin would have been somewhat stronger and the market would have given a little more detail about this very soon, but it is initial costs that usually concern the activities in our organization. Then we continue to see a conjecture that is uncertain. We had probably thought that it would feel a little better conjecture-wise when we got into the year 2025. As we all know, a lot has happened in these tuff issues and an uncertainty in the environment that we do not know about and that affects that it is still an uncertain situation for us.

And then we think that in our

and in the business we are working with, we can see that it is more challenging in some countries and some customer segments and a little different for our brands. We can see, for example, that during the first quarter it has been a little more challenging in Sweden and Denmark, but also in Germany. Germany is a relatively small part of our total business, but it is the countries that The private sector is the business that keeps up with the best activity levels and what we call the proportional root market in different countries. And this is of course the toughest. There is still new construction and above all our Nordic markets have very low activity. Now, as we talked about earlier, a relatively small part of our total revenue is taxed. to the renovation side. At home in Sweden, we also see a hope that improved food support for consumers will be able to help our business further. Otherwise, we continue to see this year that there is an insecurity in the economy and in the environment. We have our customers a little more careful to invest in new bathrooms and kitchens. We continue to follow the situation closely and continue to work a lot on our efficiency, keeping a good cost-effectiveness. But we also see that we have good conditions in several of our brands and other countries to actually take additional market shares. We also see from the first quarter that growth