Carasent AB (CARA) Q1 2025 Earnings Call

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WEBVTT 00:00:01.178 -- 00:00:05.745 Good morning and welcome to our presentation of the first quarter of 2025. 00:00:05.745 -- 00:00:10.934 My name is Daniel Erman and I will start to present and then I will hand over to 00:00:10.934 -- 00:00:13.538 Martin Björstedt, our CFO, 00:00:13.538 -- 00:00:16.960 to take the rest of the presentation. 00:00:17.304 -- 00:00:21.682 So looking at the first quarter, we continue to improve rapidly. 00:00:21.682 -- 00:00:27.889 We have our EBITDA margin going from minus 8% to plus 6%. 00:00:27.889 -- 00:00:32.895 And that's our most important financial metrics internally. 00:00:32.895 -- 00:00:36.499 And performance is in line with our plan overall. 00:00:36.499 -- 00:00:40.523 We have slightly higher costs in the quarter than we had planned for. 00:00:40.523 -- 00:00:45.429 And it's not a lot we're talking about. We're talking about 1 to 2 million more costs 00:00:45.429 -- 00:00:49.497 than we would have liked to have. So it's not a big deviation. 00:00:49.497 -- 00:00:53.200 And this deviation is due to 00:00:53.303 -- 00:00:57.270 partly that we have chosen to invest more into AI. 00:00:57.270 -- 00:01:01.116 And then we're talking AI in our products, AI in our development. 00:01:01.116 -- 00:01:03.540 We've been working with it for a long time. 00:01:03.540 -- 00:01:08.027 We've been able to offset most of the costs of development in AI by getting rid of other 00:01:08.027 -- 00:01:12.290 costs, but some of it has increased our total costs. 00:01:12.290 -- 00:01:16.337 We also had to do some write-down of the receivables 00:01:16.337 -- 00:01:21.422 from the companies that went bankrupt as we spoke about in the last quarter. 00:01:22.267 -- 00:01:27.195 We also have had discussions in the board about capital allocation and I wi...