Nel Asa (NLLSF) Q1 2026 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Nel Asa.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.061 Good morning from Oslo. Welcome to Nell's first quarter of 2026 00:00:05.061 -- 00:00:08.408 results presentation. My name is Håkon Voldahl. 00:00:08.408 -- 00:00:13.719 I am the CEO. With me today, I have our CFO, Kjell Christian Bjørsen, 00:00:13.719 -- 00:00:19.030 and our head of IR, marketing, communications, and miscellaneous functions, Wilhelm 00:00:19.030 -- 00:00:21.030 Flinders. 00:00:22.964 -- 00:00:28.109 We have the following agenda. I'll skip the NEL in brief and jump 00:00:28.109 -- 00:00:33.495 straight to the highlights for Q1. We have a short commercial update 00:00:33.495 -- 00:00:38.941 covering the most important commercial events in the first quarter and one subsequent 00:00:38.941 -- 00:00:44.126 event. A short technology update, and then we will, as 00:00:44.126 -- 00:00:48.569 usual, end with questions and answers. 00:00:52.034 -- 00:00:56.478 Quarterly highlights. Revenues came in at 148 00:00:56.478 -- 00:01:02.348 million NOC. We had a negative EBITDA of 100 million NOC. 00:01:02.348 -- 00:01:07.677 Order intake at 85 million NOC. Order backlog ended at 1.1 00:01:07.677 -- 00:01:12.444 billion NOC. And our cash balance ended at 1.4 billion NOC. 00:01:12.444 -- 00:01:17.593 A pretty quiet start to the year. First quarter is always a bit 00:01:17.593 -- 00:01:22.808 slow. What we are focusing on is the launch of the new pressurized alkaline 00:01:22.808 -- 00:01:28.236 platform. That will happen at Hyderabad on May 6th this year. 00:01:28.236 -- 00:01:32.341 In connection with that, we have been busy in the first quarter testing out new pressurized 00:01:32.341 -- 00:01:38.070 alkaline production line technology that is progressing according to plan. 00:01:38.070 -- 00:01:43.638 We also opened Korea's firs...