Mentice AB (publ) (MNTC) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and welcome to D&B Carnegie. My name is Maria Karlsson-Ossipova, and I'm an analyst here at the bank. The earnings season is in full bloom here at D&B Carnegie, and today we have the pleasure of welcoming Frans Venker, CEO of Mentes, and Ulrika Drotz, CFO of Mentes. Welcome, Frans. Thank you, Maria. Thanks for having us. I'm here alone today. Ulrika can unfortunately not be here in person, but she's on the call, and she was able to assist me also in the presentation. That sounds great. Very good. What we have for today is four topics, as usual. So we give the highlights and the overview. I will also provide the financial results, as also the business segments, how we're doing. Ulrike will be there to assist me, as also some concluding remarks. And then afterwards, we do the Q&A. Overall, what we see for the first quarter within Mentes is that we did quite well. We had 62 million SEC in the quarter in revenues, and so that reached an organic growth of 26%. That is equivalent to around 14% year-over-year growth, if you correct that also for an exchange. And that is a significant improvement also what we saw Q1 of last year. So the rolling 12 months, we are now at 287 million SEC. And that is also an increase from what we saw in Q4. So the trend is really in the right direction. What we really see is an encouraging trend is that Q1, the order intake was 59 million SEC. And that is a continued momentum that we saw in the second half. And that is a whopping 50% growth. If you correct for foreign exchange, you get to still a very good, I would say, 35% growth. And that is what we're aiming for. But a very strong funnel also in order to have this continued. EBITDA margin improved, although still negative. Still, what needs to be said is that the first quart...