BIMobject AB (BIM) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone and welcome to the call today. It is the first of August today. So thank you to everyone for taking a break from your summer plans to join us today as we are getting ready to present you with our Q2 results. As we are getting ready to begin, I usually say that you can send your questions to the email that you saw on the last slide here, which is ir at binobjict.com. So ir at binobjict.com and we will pick up those questions in the end. But for now, let's get started. And we'll start by introducing our panelists that are on the call today. My name is Lisa and I'm your moderator. We also have Sofia Hylén, who is the interim CEO and we have Per Jansson, who is CFO of BinObject Group. So welcome to both of you. Thank you, Lisa. On the agenda today, we have the usual. We will hear from Sofia for a quick business update with the most relevant events from the quarter. That will be followed by a financial update from her. And as I mentioned at the end, we do Q&A and we answer the questions sent to ir at binobjict.com. But without further ado, I will leave the word over to you, Sofia. Thank you, Lisa. So hello everyone. My name is Sofia, as Lisa mentioned, and as interim CEO of BinObject, I'm excited to present the business updates from our second quarterly report for 2025. Let's get started. This quarter, we have experienced a flat turnover growth impacted by a minus 4% effect from currency fluctuations. We have also been delivering an ARR growth of 4%. Our EBTA stands at minus 20.6 million Swedish crowns, which is a significant decrease compared to last year's minus 5.1. This lower operating result is primarily due to strategic product development investments and also extraordinary costs related to our reorganization within the product department. We remain i...