Netel Holding AB (NETEL) Q1 2025 Earnings Call

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WEBVTT 00:00:00.571 -- 00:00:05.099 Good morning and welcome to our presentation of our Q1 results. 00:00:05.099 -- 00:00:09.606 My name is Jeanette Reuterskjöld and I'm president and CEO of NETEL. 00:00:09.606 -- 00:00:14.250 With me today I have Fredrik Helenius, our CFO. 00:00:16.598 -- 00:00:22.167 We see a financial development in line with our own expectation, a normal seasonal variation 00:00:22.167 -- 00:00:27.363 for this first quarter. We show that we continue to deliver on our strategy 00:00:27.363 -- 00:00:32.091 to grow with new and existing customers and in new geographies. 00:00:32.091 -- 00:00:37.300 We increased our sales organically by 2.7% in the quarter and had 00:00:37.300 -- 00:00:42.408 sales of 694 million. We have an adjusted EBITDA of 20 00:00:42.408 -- 00:00:46.235 million with a margin of 2.9% compared 00:00:46.235 -- 00:00:49.357 to 2.8% last year. 00:00:49.357 -- 00:00:54.784 Our growing order backlog reflects both on our position and the strong underlying 00:00:54.784 -- 00:00:59.951 markets. In the beginning of the year, we have strong tender season as many of our 00:00:59.951 -- 00:01:05.178 customers needs to start the product in spring time and before summer in order 00:01:05.178 -- 00:01:08.863 to be able to be done before winter. 00:01:08.863 -- 00:01:14.548 We continue to see many relevant requests from new and existing customers. 00:01:14.872 -- 00:01:17.673 Our main markets are in Sweden and Norway. 00:01:17.673 -- 00:01:20.377 which together account for approximately 00:01:20.377 -- 00:01:25.924 93% of our sales. And our growth markets in the UK and Germany together 00:01:25.924 -- 00:01:30.308 account for 7% of our sales. 00:01:30.571 -- 00:01:35.618 Infraservices decreased sales in the quarter by 11.3%, 00:01:35.618 -- 00:01...