Nilörngruppen AB

everybody, and welcome to the NE-Learn Q4 presentation. I will share my screen. And I'm really happy to have so many on board, especially now as it is really intense reporting period. So a lot of reports released this week. I will go through the numbers as usual and then also a little bit and update what's going on within Nealon and the group and the market and so on. Just looking at the Q4 and the order income was down 7%. But as most of you hopefully remember, we had a packaging order that came in in Q3 this year and Q4 last year. So just for that packaging order, it was actually an increase of 1% for the order income. Sales was up 14% to 232 million Swedish. And just for currency effect, it was almost the same, up 13%. Operating profit for the quarter is 19.5 million versus 9.2 last year. And of course, volume matters here. And we'll also see that later on in other slides that we will present. And just looking in the quarter, December was strong. It was a strong month. And we all know that also Chinese New Year has an impact. Chinese New Year is early this year. 2025 was already in end of January, beginning of February. But what impact that has and how much and so on, it's difficult to predict. But I think that might have some impact on the December numbers. Looking at the accumulated numbers, we had a cyber attack in Q3 that we managed to handle quite well. And then looking at the currency effect that we have a minor currency effect that is quite well balanced even because we are in many different countries. We have like in Turkey, we've had a very, very weak Turkish lira. And we are also in countries where we have the Hong Kong dollars, where it's connected to US dollars, which has been strong and also euros. So even though we are in many different countries, most outside Sweden, The currency effect totally was very minor. Operating profit of 82.9 million in the quarter, which is 8.4% of the sales. Operating margin is 8.4%. And outdoor segment has come back as predicted. In the beginning of the year, as you remember, that was very strong during COVID period. And then we had a big period of 23. And we predicted that it would come back in 24, which has done, especially in the last year. Now it's back as normal, I would say. Luxury segment still slow. We were spoiled after the COVID, with a very, very strong luxury segment. And that is also a bit slower now. So we'll see what happens with that. Just looking into the market, what's going on. As you also can read in the newspapers, quite many brands go into reconstruction or into bankruptcies. Nylon has been lucky here. We have not had any major climbs going into bankruptcies. So we are lucky in that sense. But there is also a consolidation going on in the market where companies make bigger play-bys, the niche players.

So a lot of things going on in the market currently.

And, yeah, the profit and loss, we'll not go through this in detail, but as you can see, volume matters. We have here a tax rate for the quarter of 27.9%, which is higher than the average for the year of 24.5%. The reason for the higher tax rate in the quarter is due to payment of dividend from Bangladesh, where we need to pay out the tax on the dividend that we receive. Also, volume matters in terms of personal cost and other external costs. So the higher volume, the more dilution we can have on that.