NCAB Group AB (publ) (NCAB) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much and welcome everyone. My name is Peter Kruk and together with Timothy Benjamin, we will be presenting the second quarter results for NCAB Group. Starting point, NCAB, we are a company focused on supplying printed circuit boards. Printed circuit boards are the foundation that you see to the left in all electronics, which forms the brain in any intelligent product. And what is unique with our product is that every PCB is unique to the product in which it is used. So there are no standard components. But everything is our engineered product where we provide value to our customers, both in the design phase as well as through the supply of products. As a company, we are operating globally with a strong local presence in 19 entities. We are serving some 45 markets and we are around 645 employees. And we use some 36 main factories to supply our customers with different technologies and from different geographies. We don't own any in-house manufacturing. In fact, we're using only extended partisan, which makes us flexible in order to support our customers in varying needs, both in terms of technology, but also always being able to give our customers the best supply chain possible for their specific needs. If we then move over to the specifically the second quarter. So I'm glad to see that we have another quarter of positive order intake. We have had in the second quarter a very significant headwind from the weakening dollar, as the dollar has dropped roughly 10% since Q1. But if we look upon the order intake, we continue to have a second quarter of growth in order intake for the group. The continued positive development in Nordic and East has continued, and we also see actually Europe to show ordering take growth in US dollar. Our ordering take in the USA...