Castellum AB (publ) (CAST) Q1 2026 Earnings Call

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WEBVTT 00:00:01.128 -- 00:00:06.235 Good morning, everyone, and welcome to this presentation of the 00:00:06.235 -- 00:00:08.398 Q1 report. 00:00:08.398 -- 00:00:12.884 There will be a Q&A session in the end of the podcast. 00:00:12.884 -- 00:00:18.091 And if you'd like to ask a question by phone, please dial pound key five 00:00:18.091 -- 00:00:22.297 on the telephone keypad and ask your question. 00:00:22.297 -- 00:00:27.983 So let's start. We still have Paul. Good morning. 00:00:28.245 -- 00:00:33.432 As you probably all know by now, our main target in Gazelle is to 00:00:33.432 -- 00:00:38.298 achieve a return on equity of 10% over the business cycle. 00:00:38.298 -- 00:00:43.404 And during the autumn, we launched a new strategy, one could say, 00:00:43.404 -- 00:00:46.946 which we called Back to Basics. 00:00:47.229 -- 00:00:52.615 And one of the main principles in Back to Basics is to increase the 00:00:52.615 -- 00:00:57.928 transaction base. And during the quarter, we conducted 00:00:57.928 -- 00:01:02.054 two transactions, one smaller in Linköping 00:01:02.054 -- 00:01:08.403 and one bigger with a disposal of nine properties to 87 00:01:08.403 -- 00:01:11.627 with a profit of 750 00:01:11.627 -- 00:01:13.210 million. 00:01:13.210 -- 00:01:18.297 Another principle in Back to Basics is to be very prudent with 00:01:18.297 -- 00:01:21.682 the capital that the shareholders have 00:01:21.682 -- 00:01:24.685 given us. And 00:01:24.868 -- 00:01:30.074 if we can't earn it, we will return it. And during 00:01:30.074 -- 00:01:32.958 the quarter, we have repurchased 00:01:32.958 -- 00:01:35.361 almost 24 million 00:01:35.361 -- 00:01:37.023 shares. 00:01:37.023 -- 00:01:42.830 Another principle of Back to Basics is to have a tight grip on costs. 00:01:42.830 -- 00:01:4...