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: Gustav Hageus - Seb Enskilda (London) - Analyst
: This is Gustav HagTus with SEB. If I start with -- on the robotics side, 40% growth in H1 is encouraging. Could you confirm whether or not the market
grew faster from what you can see and you lost market shares in the quarter or in the half year maybe? And then also to clarify, given that you
expanded somewhat into retail, as you mentioned here, was there a pipeline fill that impacted and was visible in that 14% growth, that would be
interesting.
Question: Gustav Hageus - Seb Enskilda (London) - Analyst
: And not from a pipeline fill either. That was the question?
Question: Gustav Hageus - Seb Enskilda (London) - Analyst
: And on the back of price adjustments sort of in the lower end of the category range, I'm thinking about the return on investments in continuing
to develop a competitive offering in that end of the market. I noticed that, as you mentioned, you offered this Gardena Free this year, but it seems
like competition is increasingly offering vision or LiDAR navigation and so forth. Do you expect to need to continue to invest heavily in the lower-end
categories in spite of price headwind to stay on shelves? And what -- at some point, would you consider maybe exiting these lower categories to
save your investments in other categories with high returns?
Question: Gustav Hageus - Seb Enskilda (London) - Analyst
: Okay. And last question on robotics, sorry for dwelling on this, but it seems to me is that the dealers in Europe are increasingly multi-sourcing in
robotics, bringing in maybe Asian competitors to complement European ones in the mid-range segments.
I guess my question is, given that these Asian competitors seem to be on the hunt for sort of increasing the capability of their machines, I guess,
next year, they will serve larger areas sort of up to 15,000 square meters maybe. Is that increasingly something that you need to address that they're
now getting a foothold in your dealer base and now maybe we will launch more capable machines, getting you a run free money also in the higher
range models? And do you intend to sort of make some type of leap in your offering in Europe and so forth to stand the ground there?
Question: Fredrik Ivarsson - ABG Sundal Collier Holding ASA - Analyst
: First, going back to sales growth, plus 5% organic. Could you comment on the sellout performance, maybe in general and maybe more particular
on the boundary wire-free robotics, if you have a view on it?
Question: Fredrik Ivarsson - ABG Sundal Collier Holding ASA - Analyst
: That's helpful. And I think you mentioned a 50% share of boundary wire-free robotics within residential in Q1. Do you have an update on that
number?
Question: Fredrik Ivarsson - ABG Sundal Collier Holding ASA - Analyst
: Okay. That's great. Then I wonder if you have any view on the dealer inventory levels as of now and maybe whether we should expect more in-season
sales in Q3 than usual?
Question: Fredrik Ivarsson - ABG Sundal Collier Holding ASA - Analyst
: That's helpful. And lastly, a question on the US performance, whether you've seen any elements of prebuying due to the tariffs?
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