Lammhults Design Group AB

Hej och välkomna till denna presentation av Lammholtz Design Groups andra kvartal 2024. Mitt namn är Susanna Hillesko och jag är vd och koncernchef i Lammholtz Design Group. Och vid min sida har jag Jesper Langebro, vår nya CFO.

Tack Susanna. Ja, Jesper Langebro heter jag. Jag har varit här i lite mer än en månad och ser fram emot att vara Susannas parhäst. in the future.

Great. And then we go into the first picture, which briefly presents the group here. You who follow us know who we are. We work in the furniture industry, design furniture, 280 employees. We work with two business areas and eight brands. Om vi går vidare till första halvåret i 2024 så kan vi bara konstatera att vi har både ett väldigt svagt kvartal och även halvår bakom oss med ett resultat som vi verkligen inte är nöjda med på något sätt. Samtidigt så konstaterar vi att vi gör väldigt mycket ute i verksamheten för både resultatförbättring och tillväxt framåt. These activities, initiatives and measures actually include all parts of the business. Here in the picture you can see examples of what we address. Both the revenue side, with revenue from sales, makes us relevant to the customers. The cost side, both OPEX, but also the way to work and buy in production. We aim for marginal improvements that we have already seen in the last few quarters. We work a lot on working capital, supply chain production. We look at the organization. We are dealing with digitalization issues with targeted efforts with the customer in focus. And we also look at how we present ourselves on the market. With these words, I would like to say that we follow the plan that we have set up to aim for a result improvement during 2025 and then create the conditions to reach our goals during 2026. And then the question is, what happens in the business when we say that a lot is happening and maybe not so much is visible in the figures yet? Then we give some examples of the larger issues that we address and that we have carried out or that are ongoing. We went out with a reduction in production capacity in land-holding furniture for an adjustment to today's sales act. We did that here during the spring after Q1. We now also state that we finally have a complete consent in place per June, here when Jesper started June 1st. This means that Beatrice Skottne-Hendriksson, who started in February as CSO in the group, came in here during the first half of the year. Beatrice has also had a double role here during June, which you have probably seen in the press releases, where she comes in as the executive director of Lammholtz-Möbel. We have Heidi Nist on site, who started in March, will soon be from Vitra, and is now the director of Floraform in Norway. We have Jesper, who was presented here in the presentation, who started the first of June as CFO for the corporation. With that, we feel quite complete and feel that we can move forward with focus on the improvement and change measures that we have addressed. We have also, here during the month of June, carried out a WD change on lamppost furniture. Due to that, we have så har vi då också utnämnt Mattias Ekberg som interim försäljningschef för Namnhus. Vi håller på med effektiviseringar inom produktion, LIN här liksom, och produktionsadministrationseffektiviseringar med hjälp av mjukvara IMOS på Ragnas. Dessa åtgärder är pågående och har kommit en bra bit på vägen och syftet är att vi ska framför allt skapa more production capacity for future investments. We have also carried out a branding strategy project at Ragnas, which we have been working on since last autumn, and it creates conditions for Ragnas to improve its position as a premium brand on the international premium market. Vi håller på även med riktade insatser inom digitalisering där vi har kunden i fokus hela tiden. Det är ett område som vi tyvärr ligger lite efter på och känner att vi här under kort tid behöver komma i kapp rejält vad gäller att göra oss relevanta, lättillgängliga och snabbt fotade när vi är i försäljningsprocesser mot kund som är både återförsäljare och arkitekter. Vi kommer att jobba med Picon, vi håller på med Revit-filar och vi som sagt förbättrar effektiviteten i er beredningar på IMOS med hjälp av IMOS på Ragnars. Och detta är alla insatser som kommer stötta oss på vår väg mot ökad tillgänglighet, effektivitet och försäljning. Vi håller på också med ett affärssystemsbyte inom Affärsområdet Library och det är då is also linked to the inner efficiency that will benefit the customer. And apart from these measures, which are a bit more in-depth, which are done behind the scenes, but which create conditions for growth and results improvement in the future, we have seen in many contexts, both at trade fairs and various events around the world. It has been a very tough six months when it comes to marketing. We see that in terms of cost time. But it's something that needs to be taken into account with the measures we make on the efficiency side. And with that, I'll leave the floor to Jesper here to come up with some figures.