Asetek A/S (0QDT) Q2 2021 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the ACETEC Q2 2021 financial reports and earnings call. Throughout the call all participants will be in listen only mode and afterwards there'll be a question and answer session. I'll now hand the floor to our speakers. Please begin your meeting. Thanks, operator. My name is Peter Madsen. We are coming to you from Aalborg from the Acetek company here today. I have with me Andre Slot-Eriksen. Hi, Andre. Hello. Earlier today, our board met and discussed the plans and the progress and the strategies and all that good stuff. And they approved the report that we sent out a couple of hours ago in the presentation that we're going to give you now. you will have the option to type in questions in the app on which you are following the presentation. And you would also be able to find a call-in number on the invitation that was sent out some time ago. So please ask your questions via whatever means fit you. And if you change the slide operator, there's a wonderful disclaimer. Please go ahead and read that. And when you've done that and change the slide again, yes, thank you. And with that, André, over to you. Thank you. Yeah, you can go ahead to the next slide. Thank you. So just very briefly about the quarter, a new record revenue of 23.2 million, which is a 64% growth over the same quarter last year. An EBITDA of 3.2 compared to 3.1 a year ago. Our first half year revenue basically more than doubled. And the EBITDA increased 140% as well. We are investing in our sim sports. The R&D part of that investment was 0.7 million in Q2. And we still expect to launch products later this year. We also invested or increased our investments in general in the G&E to basically support The crazy growth we're in as well as future growth as well. We keep our revenue expectation 20 ...