Inission AB (publ) (INISS_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

All right, hello and welcome everyone to this Q1 presentation by Inition. My name is Henrik Inse and I'm an equity analyst covering the company here to moderate the Q&A session after the presentation. But to begin with, I'll hand over the word to Fredrik Berghel, CEO of the company, to deliver the presentation. If you think of any questions for Fredrik during the presentation, please go ahead and type them in the Q&A chat, and I'll read them out after the presentation. Please go ahead, Fredrik. Thank you very much, Henrik, and welcome to the initial annual meeting and our Q1 presentation. My name is Fredrik Berger. I started this company together with Olle, soon to be 18 years ago, and we are still both active. I am the CEO of the company and Olle is the chairman. Today, we would like to present the highlights, financial and also a presentation of what we have been up to during 2024. We will go through the same thing really for QWAB 2025. financials and also a verbal description of what we have been up to. Then we will present what we are doing. I almost recognize all the faces here. So you have heard me saying most of these things before, but still. We will also talk about Enedo, our acquisition and growth strategy. And then finally, our financial parts. And then at the end, Henrik will assist up with the Q&A session. So Both here in Karlstad and on the web. Please think of questions during the presentations. Okay, looking at the results for 2024. We had a turnover of 2.15 billion. And there was a drop in organic sales with 126. 191 million SEK, which gave an organic gross profit drop of 15 million. And the comparatively small gross profit drop is due to significantly better material share compared to last year. We also had higher costs. Remembering we added a facto...