The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Carl Ragnerstam - Nordea Markets, Research Division - Analyst
: It's Carl here from Nordea. A few questions on my side. Firstly, you delivered quite nice organic growth in the Nordics, surprisingly strong 17%. Are
there any larger projects you have delivered in the quarter, which could have driven the higher growth, especially -- I think it's especially strong
given the component shortages you have had in that region. So could you elaborate a bit on what's behind the growth? And also have you seen
an easing component shortage situation in the Nordics?
Question: Carl Ragnerstam - Nordea Markets, Research Division - Analyst
: And that's global? Or is it just for Nordics?
Question: Carl Ragnerstam - Nordea Markets, Research Division - Analyst
: Very good. And also raw material headwinds, you've had headwind. Could you perhaps quantify the impact on the EBIT margin? Or is it fair to
assume that the slight gross margin drop is an indication of the magnitude of the raw materials headwind you had in the quarter?
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AUGUST 25, 2022 / 11:30AM, SYSR.ST - Q1 2023 Systemair AB Earnings Call
Question: Carl Ragnerstam - Nordea Markets, Research Division - Analyst
: And are you -- will you be fully compensated as of Q2 or...
Question: Carl Ragnerstam - Nordea Markets, Research Division - Analyst
: (inaudible), sorry.
Question: Carl Ragnerstam - Nordea Markets, Research Division - Analyst
: Okay. So the price increases as of 1st of September or September at least, will they compensate for energy cost as well?
Question: Carl Ragnerstam - Nordea Markets, Research Division - Analyst
: And also looking at the number of employees or changes in the number of employees, which as stated in the report, we can see that it's quite big
changes in Menerga and also in the South African business. Are you sort of cutting back the South African business a bit given that it's been less
profitable for a while? Or how should we interpret those numbers?
Question: Carl Ragnerstam - Nordea Markets, Research Division - Analyst
: Okay. Very good. And the final one from my side. You've had -- or you have residential exposure in your U.S. business given the weakening consumer
confidence, have you seen a more muted demand from the Russia side in the U.S.?
Question: Hjalmar Jernstr÷m - Erik Penser Bank AB, Research Division - Analyst
: You mentioned in the report that the price versus -- price increase versus volume contribution. I was wondering if you could provide some details
on the specific situations in the Nordics and Western Europe in terms of that, please?
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AUGUST 25, 2022 / 11:30AM, SYSR.ST - Q1 2023 Systemair AB Earnings Call
Question: Hjalmar Jernstr÷m - Erik Penser Bank AB, Research Division - Analyst
: Yes, yes, that's correct.
Question: Hjalmar Jernstr÷m - Erik Penser Bank AB, Research Division - Analyst
: All right. And I was wondering, exiting the quarter, do you see any trends? Could you provide some flavor on the commercial versus residential
trends? Anything you see live in the quarter, please?
Question: Hjalmar Jernstr÷m - Erik Penser Bank AB, Research Division - Analyst
: All right. And finally, one long-term question. You mentioned that 42% of your revenue to your estimate then is taxonomy-eligible. Could you just
remind us again on your expectations on the taxonomy and the pace that you expect this to materialize looking forward, please?
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