Guideline Geo AB (publ) (GGEO) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, welcome to this Q1 report from Guideline Geo. My name is Molly Syberg. I'm the CEO of Guideline Geo. I'll start with the one pager about the company and then we will move our focus to the Q1. As always, please type any questions that you may have in the chat and we will have a Q&A session in the end. Who are we? We are your guide to the subsurface. We design and manufacture non-destructive geophysical solutions that are used for subsurface surveys. Our main applications are utility locating, finding pipes and cables subsurface, ground investigations such as ground stability prior to any type of infrastructure or construction, groundwater management to find and explore new groundwater aquifers. We're a stock listed company. We have more than 100 years of history. And given our size, we have a true global reach that you can see in the map. And we sell direct through our own subsidiaries and indirect through the industry leading partner network that are the Blue Dots. And we are on a growth journey since 2020 to 2025. And we closed last year at 200 million Swedish kronor. Enough about us. Let's move to Q1. It was a good quarter. It was a strong quarter. Our net sales was flat compared to last year, 49.4 versus 49.7. But if you look at this in comparable currency, it would have been a growth with 16%. Order intake, 51.7 versus 46 last year, is a growth with 12%. Our profitability grew a bit from last year's Q1, 2.3 versus 1.8 EBITDA and minus 1.4 versus minus 3.3 last year's Q1. We have a positive and strong operating cash flow, 9.8. And we are still at a strong and solid net cash situation with 23.6 million EBITDA. But let's look at the net sales and order intake split by region. And if we look at APAC, it was not a strong quarter. In APAC, we see a continued str...