Careium AB (Publ) (CARE) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to this quarterly report by technology-enabled care company Carium regarding the first quarter of 2025. In the virtual studio to present and give a Q&A, we have CEO Christian Wallén and CFO David Granat. Please welcome both of you. Thank you. Thank you. We are in the virtual studio, but we are also here in our office in Malmö as we have our AGM today. In the background here, I hope you can see some bits and pieces from one of our refurbishing stations where we ensure that the life of our products is extended and that they are taken care of in a smart way. So, I apologize for the mess. We are renovating our office and thus we need to be in this area. That's the way it's supposed to be in a company in growth. Please go ahead with the presentation and I'll be back for the Q&A. Thank you. And as mentioned, I'm Christian Wallén, CEO and President of Carrier, together with my CFO and colleague David Granot. And we are very pleased to welcome you to this quarterly presentation. So let's begin with the highlights for the first quarter of 2025. So first off, we saw growth in all markets aside from Sweden, which we will discuss a bit later during this presentation. Despite the somewhat lower sales and the increasing investment, we attained reasonable margins thanks to a good gross margin development. And to us, the quarter was really interesting because we actually saw a lot of markets gain new contracts and we generated some of our first sales in Spain, even if they were at very, very low levels by the partnerships we have established there. We also saw the first significant order of stationary or fixed alarms. And by that we mean our core fleet or product range of the digital hubs that serve as the sort of centerpiece for the carrying ecosystem with the senior. Tradi...