Nilörngruppen AB

Good morning, good morning everybody to NILON Q2 presentation. For your information, this presentation will be recorded. So hope you're okay with that. There will also be possible to ask questions and you can just send them in the Q&A and Maria will later on present them for everybody and read them for us and if there are time for that she will take as many questions as there are time for and but i will share here my presentation

I hope you will see it.

And as usual, I will start with the financial performance and then we'll go over to a little bit more update of what's going on within the group. First of all, as you have seen probably in the report, the order income was up 24% in the quarter. It's a bounce back, especially for the outdoor and the sports brand, which is good, also as predicted in the Q1. So that is what we said in the Q1, and that is what's happening, especially for the outdoor and the sports brand. And that is good because that is what will come in the coming quarters in Q3 and in Q4. It's hard to predict if it will come in Q3 or in Q4. The order is when we buy the goods and put them on the stock and then they are delivered and that will happen here in Q3 and Q4. Sales is up 40%. to 262 million versus 2030. And there was almost no currency effect in the quarter. We mentioned this because historically the currency effect used to be quite big for Nieland. That is due to almost all sales and all turnover is outside Sweden. And as we consolidate in the Swedish krona, and as you all know, the Swedish krona has been quite volatile, So that has been a big effect historically. But this quarter was almost no effect. And the operating profit 24.8 million versus 12.7 last year. And in this year, or 2023 was a quite tough year for us, comparison to the historical numbers. So that also means that it's more easy for us to do easy comparison numbers this year. But if you look into a normal year, 2019, the sales was 196%. And the operating profit of 20 million. So we are also up if you compare to such a normal year like 2019. Then as you probably know, 2022 and 2021 was extremely good year for Nealon. Accumulated number up, order income 13%, sales up 12%. And also here was almost no currency effect accumulated, which is quite unusual for an international company. And operating profit, 48 million. And if you compare here also with 2019, sales was 374 million, so quite up compared to 2019. And operating profit 2019 was 35. So, yeah, we've taken a quite big step since then.