Netel Holding AB (NETEL) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.459 Welcome to Natel Q2 Report for 2025. For the first part of the conference 00:00:05.459 -- 00:00:08.424 call, the participants will be in listen-only mode. 00:00:08.424 -- 00:00:13.512 During the questions and answers session, participants are able to ask questions by dialing 00:00:13.512 -- 00:00:18.960 pound key 5 on their telephone keypad. Now I will hand the conference over to CEO 00:00:18.960 -- 00:00:23.047 and President Jeanette Ruderskild and CFO Frederick Hellenius. 00:00:23.047 -- 00:00:25.548 Please go ahead. 00:00:26.660 -- 00:00:31.045 Good morning and welcome to our presentation of our second quarter. 00:00:31.045 -- 00:00:35.010 My name is Jeanette Reuterskjöld, I'm CEO and President of Netel. 00:00:35.010 -- 00:00:39.753 With me today I have Fredrik Helenius, our CFO. 00:00:41.297 -- 00:00:46.102 In the second quarter we continue to have a large proportion of projects in startup phase 00:00:46.102 -- 00:00:51.208 across all divisions. However, telecom has increased its volumes 00:00:51.208 -- 00:00:55.550 primarily due to positive trend in Sweden and Germany. 00:00:55.550 -- 00:01:00.338 The high proportion of product start has also negatively impacted profitability since 00:01:00.338 -- 00:01:05.827 initial activities needs to be performed in our projects before we can start deliveries 00:01:05.827 -- 00:01:08.047 and invoicing. 00:01:08.091 -- 00:01:13.379 The major contracts that we are now commencing include, for example, LVS 00:01:13.379 -- 00:01:18.702 Power Stations in Norway, a new framework agreement with GlitterNet in Norway. 00:01:18.702 -- 00:01:23.750 an expanded framework agreement with Tele2 in Sweden, and fiber 00:01:23.750 -- 00:01:28.154 networks for UGG and Enviatel in Germany. 00:01:28.217 -- 00:0...