Investment AB Latour (publ) (OTCPK:IVTBF) Q2 2025 Earnings Conference Call August 19, 2025 4:00 AM ET
Company Participants
Johan Hjertonsson – President, CEO & Director
Katarina Rautenberg – Corporate Participant
Mikael Johnsson Albrektsson – Chief Financial Officer
Conference Call Participants
Linus Sigurdson – DNB Carnegie, Research Division
Katarina Rautenberg
Welcome to the presentation of Investment AB Latour’s Interim Report for the Second Quarter 2025. [Operator Instructions] I will now hand over to CEO, Johan Hjertonsson and CFO, Mikael Johnsson Albrektsson.
Johan Hjertonsson
Thank you, Katarina. Very welcome, everybody, to our presentation of the Q2 report 2025. And as Katarina said, I’m here with our new CFO, Mikael Johnsson Albrektsson. So very welcome, Mikael, to your first presentation for the Latour quarterly results.
As you can see on the first slide, overall group structure is unchanged. And despite the challenging business climate and unstable geopolitical situation, we see a continued good performance in our businesses and we’re very happy with that. The general demand is quite good in many of the markets that we operate on but it varies between regions and industries. We grow organically during the quarter in both order intake and net sales. However, we had some headwind from negative currency effects that affected our gross margin slightly. Despite the short-term external instability, we continue to invest in our companies and this is truly a Latour strength. We invest to ensure long-term growth and profitability in a tougher climate.
As you all have seen during the summer, there has been some clarifications regarding the U.S. tariffs during the summer, where imports from Europe will be charged with 15%. But there’s still some uncertainty left, for instance, which products are exempted and which materials to mention one area. Latour’s exposure in the U.S. corresponds to 11% of our total net sales and the effect from the tariffs are
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