Inission AB (publ) (INISS_B) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome everyone to today's earnings presentation by Initian. My name is Henrik Intsa, I'm an equity research analyst covering Initian, here to moderate today's Q&A. But before that, we'll start off with a presentation from CEO Fredrik Berghil. If at any point during the call you think of any questions, please type them in the chat and I'll read them out for Fredrik to answer after his presentation. With that, please go ahead, Fredrik. Thank you very much, Henrik. Welcome to Nischen Q4 presentation. My name is Fredrik Bergel. I'm one of two co-founders and one of two principal owners of Nischen. Myself and Olle Hulteberg, we started this company for over 18 years ago and we are still both active. I am the CEO and Olle is the chairman of the company. Inision Group consists of Inision EMS, contract manufacturing of industrial electronics. Inedo, which is a company developing, marketing and selling power supplies. Both these businesses areas are operating with customized high-end and high-mix low-volume industrial electronics. I will go through the financial performance of the quarter, comment on the highlights of the quarter, and then also mention or go through our financial targets. And as Henrik said, we will end this with a Q&A. So please come in with your questions. Reported sales increased 23.7% to 657 million SEK. However, adjusted for Celteca 49 million, sales increased 77 million SEK or 14.5% organically. I think it's important to point out here that we, despite very high sales, still have a book-to-bill ratio at 1.1%, which indicates that this higher speed can be maintained. We are also really happy that Enedo are back in black, at least on EBITDA level for the quarter. To explain the numbers on a high level, our net added value turnover minus...