MIPS AB (publ) (MIPS) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the MIPS interim report Q1 2025. At this time all participants are in a listen only mode. After the speaker's presentation there will be a question and answer session. To ask a question during the session you will need to press star 1 and 1 on your telephone and you will then hear an automated message advising your hand is raised. To withdraw your question please press star 1 and 1 again. Alternatively, you may submit your questions via the webcast. Please be advised that today's conference is being recorded. Now I'd like to hand the conference over to your speaker today, Max Strandvits, CEO. Please go ahead. Thank you, operator, and good morning, everyone. My name is Max Strandvits, and I am the CEO of MIPS. With me today, I also have our CFO, Karin Rosenthal, and we will take you through the presentation of the Q1 2025 interim report. And if we start with the key highlights of the quarter, so first of all, performance, we did see a continuation of the last quarter performance and growth patterns with strong performance in the quarter of 42%, of course, organic growth. We saw good development in all the three categories we operate in and good growth in most geographies. We do see strong sales to European customers fueled by improving consumer markets. Good growth also in the US despite a much more careful consumer spending versus before. Our assessment is that the near-term sales development to our customers will be more uncertain due to the lack of full understanding of the effects and implication of the implications of or implementation of tariffs. We did see a strong improvement in the quarter with 78% improvement, mainly driven by the strong net sales improvement. This was partly upset by legal costs relating to...