Netel Holding AB (NETEL) Q1 2026 Earnings Call

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WEBVTT 00:00:01.027 -- 00:00:05.452 Good morning and welcome to our presentation of our first quarter results. 00:00:05.452 -- 00:00:09.778 My name is Jeanette Reuterskjöld and I'm president and CEO of Natal. 00:00:09.778 -- 00:00:14.741 With me, I have as usually Fredrik Helenius, our CFO. 00:00:15.865 -- 00:00:20.591 During today's presentation, I will start by running through the key developments in 00:00:20.591 -- 00:00:25.076 the first quarter, as well as a recap of our seasonal pattern. 00:00:25.076 -- 00:00:29.441 I will also give you a market update and highlights from our recent business wins in 00:00:29.441 -- 00:00:31.047 the quarter. 00:00:31.047 -- 00:00:35.552 Fredrik will then, as usually, go through the finances in more detail before I make a 00:00:35.552 -- 00:00:40.255 short summary and then we will open up for your questions. 00:00:42.821 -- 00:00:46.605 A weak first quarter, but in line with our expectation. 00:00:46.605 -- 00:00:51.731 Our growing order backlog and continued savings measures lay the foundation for increased 00:00:51.731 -- 00:00:55.093 profitability during this year. 00:00:55.111 -- 00:01:00.137 After a year in 2025, with major write-downs of all products in two 00:01:00.137 -- 00:01:05.624 of our companies in Sweden, combined with lower sales, we accelerated several 00:01:05.624 -- 00:01:11.789 activities to restore our profitability and increase our sales to be more competitive. 00:01:11.791 -- 00:01:17.338 We initiated large saving programs with full effect for 26 and long-term 00:01:17.338 -- 00:01:21.166 saving program for 27 and beyond. 00:01:21.166 -- 00:01:26.176 We also discontinued our operations in Finland and the UK, which have been loss 00:01:26.176 -- 00:01:31.587 making operations and naturally required a lot of re...