Invisio AB (publ) (IVSO) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you and good morning everybody. Welcome to our conference call and for the Q2 report we have chosen the headline high levels of market activity continues. That is definitely what we see and which is also to some extent reflected in our reporting. So our financial highlights for the quarter is Revenues around 430 million SEK, order intake around 400, operating margin 14%, and the order book at the end of the quarter, 705. A couple of things have impacted us during this quarter. We had a little delivery of remaining third-party radio sales from last year with a low gross margin. We have also been impacted by the strong Swedish krona towards both dollar and British pound. And we have also had a little impact by the US tariffs. We'll get back to all of those in due order. The operational highlights during the quarter is first of all a significant order from a new large customer entailing our world leading new X7 India communication solutions. We have also this morning updated our financial target regarding the Avis margin. And as we have said several times, we see strong opportunities for Invisio due to the increases in defense investments that are ongoing and will be accelerating in Europe and within NATO over the coming years. So if we start with the revenues, our revenues are close to 430 million in the quarter. And of that, there was a small portion close to 30 million remaining of the radio order we got last year. So if we exclude that, the revenues was around 400. a little higher than last year, but then we had the currency effect mainly due to dollar and pound, as I said, and in comparable currencies, our revenue would be 450 million as compared to 390 last year, including the radio order. So we are quite content with that. On the order intake side, we saw a...