Netel Holding AB (NETEL) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to our presentation of our first quarter results. My name is Jeanette Reuterskjöld and I'm president and CEO of Natal. With me, I have as usually Fredrik Helenius, our CFO. During today's presentation, I will start by running through the key developments in the first quarter, as well as a recap of our seasonal pattern. I will also give you a market update and highlights from our recent business wins in the quarter. Fredrik will then, as usually, go through the finances in more detail before I make a short summary and then we will open up for your questions. A weak first quarter, but in line with our expectation. Our growing order backlog and continued savings measures lay the foundation for increased profitability during this year. After a year in 2025, with major write-downs of all products in two of our companies in Sweden, combined with lower sales, we accelerated several activities to restore our profitability and increase our sales to be more competitive. We initiated large saving programs with full effect for 26 and long-term saving program for 27 and beyond. We also discontinued our operations in Finland and the UK, which have been loss making operations and naturally required a lot of resources from management. Now we have full focus in 26 to deliver on the saving programs and continue to build a healthy order backlog for a successful improvement during the year in sales and results. In our industry, the first quarter is normally the weakest of the year since many products are in the startup phase. As communicated already in connection with the year-end report in February, we expected a slower start of the year as the winter implied delayed product starts. This year's long winter, as well as the ongoing transformation of the telecom m...