Hanza AB (publ) (HANZA) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.177 but the good part is only temporary. The beauty is when you integrate 00:00:05.177 -- 00:00:09.081 a company like Leden into Hamsa, 00:00:09.081 -- 00:00:10.702 the capacity 00:00:10.702 -- 00:00:14.426 of Hamsa and Leden, one plus one, becomes more than two. 00:00:14.426 -- 00:00:18.811 So already within this year, we will have a new capacity solution in place, and that 00:00:18.811 -- 00:00:23.594 will lead them to a very quick upturn in the profitability. 00:00:24.818 -- 00:00:30.622 So that's about the Leden case. If we then look at Lynx, 00:00:32.414 -- 00:00:35.357 This was, let's say, a response 00:00:35.357 -- 00:00:39.400 to the new security situation in Europe, which was 00:00:39.400 -- 00:00:44.283 very clear when the new administration took office in the US. 00:00:46.626 -- 00:00:50.488 Lynx is about targeting the defense sector. 00:00:50.770 -- 00:00:53.893 And we have a concept that works really well for that. 00:00:53.893 -- 00:00:56.095 We have electronics, mechanics, 00:00:56.095 -- 00:01:01.539 complex assembly in local places, exactly what is needed for the expansion 00:01:01.539 -- 00:01:03.800 of this sector. 00:01:04.223 -- 00:01:07.847 And I think also we have good experience. Defense is nothing new for us. 00:01:07.847 -- 00:01:09.890 We've been working for them for many, many years. 00:01:09.890 -- 00:01:15.096 But I think also on a personal note that this is not just good for business, it's also 00:01:15.096 -- 00:01:17.359 good for Europe. It's about Europe. It's about democracy. 00:01:17.359 -- 00:01:21.864 I think every contract manufacturer should ship in some capacity for the defense industry 00:01:21.864 -- 00:01:25.266 right now. It is really important. 00:01:25.949 -- 00:01:30.875 On the other hand...