Acconeer AB (publ) (ACCON) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the conference call. For the first part of the conference call, the participants will be in listen only mode. During the questions and answer session, participants are able to ask questions by dialing 5 on their telephone keypad. Now I will hand the conference over to the speakers. Please go ahead. Welcome to the Acconeer Q1 twenty twenty six earnings call. I'm Terhon San, CEO of Acconeer, and with me today, I have Anna Alred, who is head of communications at Acconeer. As usual, I will go through the quarterly report, give an operational update, and then we will have a Q and A session in the end. Let's start by looking at some of the highlights of the first quarter in twenty twenty six. We saw a net sales of 18,300,000 SEK, which is record for Acconeer and is also the third consecutive quarter with record revenue. The revenue grew 34% or with constant currency 57%. It's worth noting that the growth in product sales was 71% year over year with constant currency. So a very strong growth in product sales. The gross margin of product sales was 50% in the quarter That is a bounce up from Q4 where we had 46% before inventory adjustments. This is a result of the effort we have put into working with the margin. We have done further improvements. We have been working hard with our suppliers. We have been increasing prices to customers, and we expect that the gross margin will trend upwards throughout 2026. During the quarter, we shipped A212 in volume. This is, of course, a major milestone for Acconeer, five years developing, culminating in volume shipment, and it's great achievement for the company. We also today announced that we have received firm orders that are confirmed for 2026 delivery that exceeds total 2025 revenue in US dollar. So definitely, we are gear...