CellaVision AB (publ) (CEVI) Q1 2026 Earnings Call

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WEBVTT 00:00:01.145 -- 00:00:06.210 Welcome to Cellavision Q1 Report 2026. For the first part of the conference 00:00:06.210 -- 00:00:09.413 call, the participants will be in listen-only mode. 00:00:09.413 -- 00:00:14.498 During the questions and answers session, participants are able to ask questions by dialing 00:00:14.498 -- 00:00:19.763 pound key 5 on their telephone keypad. Now I will hand the conference over to CEO 00:00:19.763 -- 00:00:23.545 Simon Ostergaard. Please go ahead. 00:00:24.288 -- 00:00:26.828 Thank you very much. 00:00:27.166 -- 00:00:32.330 And thanks for dialing in to this quarterly 00:00:32.333 -- 00:00:37.560 financial call. I have our CFO, Monica Jensen, with me, and we are pleased 00:00:37.560 -- 00:00:43.986 to present our result and answer any questions you may have subsequent to the presentation. 00:00:44.309 -- 00:00:49.376 So we just released the first quarterly report, and it was 00:00:49.376 -- 00:00:54.162 with the header, Soft Quarter Due to Lower Sales in EMEA. 00:00:54.162 -- 00:00:56.410 The quarter... 00:00:56.410 -- 00:01:01.793 resulted in net sales that decreased by 14.6% to 00:01:02.115 -- 00:01:06.359 a revenue of 166 million. 00:01:06.359 -- 00:01:08.661 So that's an organic 00:01:08.661 -- 00:01:11.262 decrease of 6.6% 00:01:11.324 -- 00:01:15.205 as we had almost 8% headling 00:01:15.327 -- 00:01:20.332 on currency. EBITDA amounted to 40 million, so that corresponds 00:01:20.332 -- 00:01:22.452 to 24%. 00:01:23.475 -- 00:01:26.756 And as we say in the report, 00:01:26.802 -- 00:01:28.802 And 00:01:28.805 -- 00:01:33.874 given the title here, EMEA is affected by inventory 00:01:33.874 -- 00:01:38.902 adjustments with our main distribution partner, and that is what has caused 00:01:38.902 -- 00:01:44.772 this significant n...