Invisio AB (publ) (IVSO) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much and welcome to our Q1 presentation that we have chosen to title position for an eventful 2025 and indeed we do expect a very interesting and busy 2025. As you might recall, we come from a very strong fourth quarter in 24 and indeed a full year 24, where we grew our revenues with 46%. And in the late part of quarter four, we had a delivery and order intake of a large order of 150 million Swedish kronor that we managed to deliver before the end of the year. Normally that would have been played into Q1 and be part of the revenues in Q1. But as we always deliver according to customer wishes, we managed to do that in Q4. And this is reflecting the normal order and revenue volatility that we see in defence markets. We will go into the different details of the numbers slide by slide. And of course, when we have a quarter like this, which is a little more soft, we still have to remember that the revenues are actually almost 10% better than the same quarter last year. And it is actually the highest revenue number ever for a Q1. Order intake a little down. We have hard comparison numbers because we did receive a very large order last year with the radio deliveries that you might recall. But we still leave the quarter with a quite strong order book i will dive deeper into that in terms of operational highlights there's a couple of things important to mention the acquisition of the product line ultra links in the uk the fact that we have updated our market estimates and also a few comments around the tariff discussions that are ongoing So when it comes to order intake, we were quite a lot lower than last year. And as I said, that was partly due to the very large order in Q1 last year that included radios from a third party. And I would say there's nothing unu...