AAC Clyde Space AB (AAC) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Investor Update, today with the Q1 report from AAC Clyde Space, a company operating in the space industry. Those of you who are watching live can as always ask questions and interact with the management in the chat field. We will handle the questions after the presentation and those of you who do not get your question answered can always turn to the company via their website. On the link we now have Louis Gommers from AAC Clyde Space, the CEO of Engelspråki, who will now continue his presentation in English. Louis, such a pleasure. Welcome to Investor Update. Good morning, Carl. Great to be here. Excellent. So how are things in Scotland? Scotland is very nice. We are having very pleasant weather. I must say for the change we have had great sunshine and blue skies. So it's actually a good period. Excellent. Well, Q1 report, so please walk us through it. Yes. So we have presented today our report for the first quarter of the year. We have maintained our net sales from last year. We hoped to have grown it a little bit, but as always, we are very dependent on on external factors like some of our suppliers. Some quarters will be a little bit stronger than others. We maintained a strong EBITDA this quarter, even if there were a few extraordinary values that added to that EBITDA. But in general, it maintains our flow of actually growing towards profitability. It is something that we have actually put a lot of effort over the last few years. So that is a good thing. Our cash flow was negative, but that is something we will expect from some quarters. Our business is very variable cash flows, quarter to quarter. As always, we tell people, judge us on the year rather than on the quarter when it comes to that. And our other backlog remains strong. It has red...