Asetek A/S (0QDT) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Aztec First Quarter 2025 Earnings Call. Please note that this call is being recorded. You will have the opportunity to ask questions to our speakers later during the Q&A session. If you'd like to ask a question by that time, please press star followed by one on your telephone keypad. Thank you. I'd now like to hand the call over to Peter Madsen. PFO, Peter, you may now begin. Thank you, operator, and thank you, everybody, for joining this Q1 2025 earnings call for Asetek AS. My name is Peter Madsen. I'm the CFO, and I have in the room with me here our founder and CEO, André Slot-Eriksen. Hello, André. Hello. So our board, they met this morning, and they discussed, and then they approved the earnings release that we sent out a few hours ago, and they released the presentation that we are just about to give also. Before we get to the details, let me just add to the questions, remarks that the operator just came up with, that if you are in front of your computer, there might be, or there will be, the opportunity to type in a written question that we can then read from later in the presentation. With that, let's proceed. Disclaimer, which we, of course, encourage you to read. And then, Andre, over to you for the financial advice. Thank you, Admiral. Let's just dive right into it. So, SimSport's revenue in the quarter reflected a soft demand after a high year ending in 24. And I'll come more back to it, but it's because of some logistical challenges and of course the macro uncertainties that we are looking into. Q1 liquid cooling revenue of 8.6 versus 10 in the same quarter last year reflects a shift towards more affordable products among our customers. I'll also get back to that. Our Q1 group gross margin ended up at 44.2, up a little bit compared to last year...