Thank you, and welcome Nimbus Group, the quarter 2 report. And if we start with Slide 3, business update for the second quarter. The sales amounted to SEK 571 million, down by 8% compared to last year. But despite this decrease, that know that we performed actually better than the industry as a whole. We had during the quarter a negative impact from the currency development by SEK 10 million, mainly U.S. dollar, which also then, of course, impacted the EBITDA, together with this volume decrease. So we ended up with an EBIT of SEK 25 million compared to SEK 45 million last year. During the quarter and also before that, we have had a focus on stock release and we can say the net working capital in general. We have been quite successful, but then we also had some small impact on the margin because of this. On the other side then, the order intake for the quarter was actually higher than before, SEK 356 million compared with SEK 341 million. As said, better than last year, but we will get back to that later on in the presentation. More or less the same as last time, the tariff situation fuels uncertainty and hesitancy among customers and we saw this especially at the beginning of the quarter, and that is actually also where you can track the sales that we had a decrease. After that, it has been quite good in the quarter. But of course, the big obstacle for us as for many others is still — that it’s not fully predictable, even if this is starting to come down, which is — at the end of last year, we initiated a cost reduction program, and this has started to have effect. And it will then — this impact will increase quarter further on. But, despite this cost reduction, we have continued to invest in the market presence and actually then also product development. But this market presence has given us that we have established a couple of new marketplaces in locations, as we say here in North America, Europe and Asia. And this we will, of course, gain from further on.
And actually, if you then look at the rolling 12, the picture will be even brighter, so to say. We have had a lot of new dealerships around the world during this last 12 months. So it’s a good work done by the people involved in this work. And finally, on this page, of course, Kuopio, this project is going according to plan and will actually then be finished during quarter 3. It may be some small topics that will take some more time, but that will not affect the result or the cash. It will be more administrative or legal, I should say.
Next page. It’s more or less the same as we always show you [indiscernible] Group a short reminder of who we are, founded 1968 that is actually 57 years ago. So we have a long experience. And we also have a long history of international trade. So already in 1970, we started to export our products. And this is important because, for us, export is more or less daily business, which is important. And since then, where it was a single brand or a monobrand, we have developed to now true house of premium brands and you actually find them below on this slid here.. We have also there you may think didn’t they sell that we did, but we can still use the name for a period of time. That’s the reason we still — because we are selling [indiscernible].
I will not mention anything on this slide, but at the end, you find 2025 May, new organizational structure implemented, and this is a big thing for us. And if we look from an internal perspective, it will make us more efficient and also focus on our core business. And if we look upon it externally, it’s our belief that it will be easier to follow and understand our business.
Switch page. When it comes to commercial sales, this new organization I was talking about will present you now. [indiscernible] we have the commercial sales which I will [indiscernible], then we have retail sales that Rasmus will talk about later on here and we also have that operation [indiscernible] outsourced, and that is more or less the [indiscernible].
[indiscernible] commercial sales, sales dropped 8% as for the group, still small numbers and more coincident I should say, it’s not that many [indiscernible], we’re talking about. Important for us is that we see more activity and we are closer to [indiscernible] and a proof of that, as we say here, the improved order intake in North America. And if we look below in the chart, you can see that North America has a big jump up from the order intake perspective.
But let’s not forget about Europe. Europe has struggled for, I should say, 2 years now. And even if from figures, we actually have doubled the order intake in Europe, and this is a really good sign for us. And the order intake takes us to the order book. And actually, this chart we have in front of us on the right side below, you see that more or less the whole picture is affected by the pandemic, and that’s because it makes it different to relate to something we can call it a normal business. So I prefer to talk about the right-hand side of this picture. And we have talked about this before during the quarters, about this normalization, and we can clearly see that now, we have the same pattern in the order book, and we also then have this shorter order book that we have talked about before. The supply and demand is closer to each other as we [indiscernible]. And then of course, when we talk about the order book confirmed orders in the order book and that’s one thing that we implemented later on. So it also affects the comp in this chart. The order from the Swedish is not included the as before. But during the autumn we will know more in what time this will be produced and sold to the forces. Net sales, I will not talk a lot about that. It’s more or less, as I said before, small differences and more or less that differs [indiscernible]. Important thing for us is that [indiscernible] and with that I’d give to Rasmus.
