Systemair AB (publ)

Welcome to SystemAire Q2 2024-25 report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to the President and CEO, Roland Kasper, and CFO Anders Ulf. Please go ahead.

Good morning everyone and very welcome to the presentation of Systemware's second quarter report for the year 2024-2025. We will start off with a rather short presentation of our second quarter in our 50th business year and then we will open up for questions. The presentation you find available on our start page of our investor relations website. I will now hand over to Roland to start off the presentation.

Thank you very much, Anders. Good morning. My name is Roland Kasper. I'm the CEO. I'm really happy to present our quarter two report for our year 24. So switching directly to that. So what we want to present is short system area in brief where we are, the short summary of the second quarter, switching to our quarter two financials, and then a very short and brief second quarter acquisition and project highlights, followed up by the Q&A. So going directly into Systemair in brief. Today, Systemair, we're operating from core values of simplicity and reliability. Our business concept is to develop, manufacture and market energy efficient, high quality ventilation products. With our customers in focus, our aim is to be seen as a company to rely on, of course, with emphasis on availability, sustainability and quality. Systemarys, a company, was established in 1974 in Skinskatteberg by our founder, Mr. Gerald Engström, today our chairman of the board. In our last fiscal year, we had an annual turnover of 1.1 billion, and we are listed on the Nasdaq Nordic Stock Exchange since October 2007. We operate our own sales companies in 51 countries, and we operate 25 factories in 18 countries with a total book value of 1.3 billion Swedish kronors and employ around about 6,700 employees. last year we had sales to 135 countries around the world some recent highlights we had some machine capacity investments that we finalized in lithuania germany and italy in the quarter we earlier this year also acquired the company farm engineering and manufacturing of ahus in kuala lumpur in malaysia And late June this year, we relocated Menarga's production from Mülheim in Germany to Maribor in Slovenia. And finally, in September, we also finalized our investments in expansion of our existing facilities in Ukmaragi in Lithuania. Within our public affairs efforts, we now finally have joined EPA, the European Heat Pump Associations, and we are very proud to have been reelected to the chair of the presidency in Eurovent with our system air candidates. In September 20th, Systemair Germany celebrated its 30th anniversary. And in connection with that, we also officially opened our new warehouse and production hall in Windischbu, where we were visited by around about 4,500 visitors in this evening. And then in October, finally, we also celebrate our 50th anniversary with 600 of our Swedish colleagues in Westeros. Going into our markets. So let's have a look at the markets in the quarter. As you know, we have a global and diversified customer base, which provides us with a solid foundation for profitable growth. Looking at the different regions, starting with the Nordic region, which represents 16% of our total turnover in the quarter. Western Europe has 44% share and is thereby compared to the same quarter last year, a decrease from 46 to 44%. Eastern Europe increased to 13% share and North America remains stable to the 12% share of sales in the quarter. Other markets, which, as you know, incorporates North Africa, Turkey, Middle East and Asia, is continuing its growth path and increases from 14 to 15% of the total sales in the quarter. But that, ladies and gentlemen, we continue with a closer look at the financial outcome in the quarter and I hand over to Anders.