Hexatronic Group AB (publ) (HTRO) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Hexatronic Q1 2026 report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers, session participants are able to ask questions by dialing pound key 5 on their telephone keypad. If you are listening to the presentation via webcast, you can ask written questions using the form below. Now, I will hand the conference over to CEO Reichard Froberg. Please go ahead. Good morning, everyone, and very welcome to this Hexatronics Irving's call for the first quarter of 2026. I'm Rikard Fröberg, Group CEO. I have with me today Camilla Lindén, our CFO, Martin Åberg, Deputy CEO and Head of Data Center Business Area, and Papi Grandesson, Head of Investor Relations. Before we dive into the presentations, just commenting on this beautiful picture that we have here. It's an aerial footage of our flagship site in Hudiksvall, about three hours north from Stockholm, where we are today. And you see in the background, you can see the factory. And in the foreground, there's a ship that has docked here, and it's clearly loading submarine cable from the factory. And these are big cables, and the only way that you can really transport them is via ship. So with that said, let's dive into the numbers and the presentation for the quarter, which was in line with expectations overall. We had revenue of 1.7 billion SEC, which was an organic decrease of 2%. And this decrease was entirely driven by fiber solutions in Europe, whereas most other areas saw organic growth. Adjusted EBITDA at 146 million SEC, or 8.6% margin. which is sequentially slightly higher than the last couple of quarters. And we see that the strategic shift in our mix continues, with data center and harsh environment now contributing over 60% o...