Mentice AB (publ) (MNTC) Q1 2025 Earnings Call

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WEBVTT 00:00:00.908 -- 00:00:05.236 Good morning, everyone. My name is Richard Engberg, and I'm an equity research analyst 00:00:05.236 -- 00:00:10.485 here at Carnegie Investment Bank. With me, I am Frans Fenker, CEO of Mentis, 00:00:10.485 -- 00:00:15.454 and Ulrika Dross, CFO of Mentis. We're going to present the first quarter. 00:00:15.454 -- 00:00:17.958 Frans and Ulrika, welcome. Thank you, Richard. 00:00:17.958 -- 00:00:20.332 Thanks for having us. 00:00:20.332 -- 00:00:25.477 So the scene is yours. Very good. Thank you, Richard, for us being 00:00:25.477 -- 00:00:30.521 here. What we have today is the quarterly results for the first quarter, which we 00:00:30.521 -- 00:00:34.164 are happy to present to you and all of you. 00:00:34.164 -- 00:00:39.309 So what I have is four topics for today. First of all, the highlights and also 00:00:39.309 -- 00:00:44.333 the interview, basically overview presented by me, the financial results by 00:00:44.333 -- 00:00:50.723 Ulrika Drots, concluding remarks by me, and then we go towards questions and answers. 00:00:50.723 -- 00:00:55.897 Overall, if we look at the quarterly summary, what we see is that we had solid 00:00:55.897 -- 00:01:02.266 revenue growth year over year, where the net sales was up by close to 20%. 00:01:02.266 -- 00:01:07.133 What we saw is that the EBITDA was negatively impacted by one-offs. 00:01:07.133 -- 00:01:12.820 That was due to restructuring, but also due to currency effects. 00:01:12.820 -- 00:01:17.466 The revenue came from all three regions, so we were positive from all three regions, 00:01:17.466 -- 00:01:21.332 specifically North America from an absolute standpoint. 00:01:21.332 -- 00:01:26.599 From a percentage point also, we saw significant growth by APAC, although from a lower 00:01:26.59...