Eric Lunden
CEO & President
Good morning, and good afternoon, everyone, and a warm welcome to this Q1 report from Bufab. My name is Erik Lunden, President and CEO of Bufab Group. And together with me here, I have Marcus Soderberg, our Group CFO. This presentation will be recorded and by attending to the meeting, you agree to the recording. I will start this presentation to give you the highlights of the quarter. After that, I will leave the word over to Marcus for some financial highlights. Then I will take you through the different regions’ performance. And at the end, we will have time for sum up and Q&A.
If we start then with the highlights of the quarter, I would say that it’s a good quarter from our side. I’m overall very pleased with our performance. We delivered organic growth and clear improvements in both gross margin and operating margin. I think we execute very well on our strategy with a clear focus on improved value creation for our customers through our offering and also solutions, and this work has clearly started to pay off in the quarter. The organic growth was 2.2% with positive development in 3 of the 5 regions, driven by mainly higher volumes. The underlying demand remained cautious in the market. We saw good demand in industries like energy, agriculture and food and defense, while demand in construction, furniture and interior design continued to be on a low level.
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