Netel Holding AB (NETEL) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.335 -- 00:00:04.902 Good morning and welcome to our presentation of our Q4 results. 00:00:04.902 -- 00:00:11.770 My name is Jeanette Reuterskuld and with me I have Fredrik Helenius, our CFO. 00:00:13.876 -- 00:00:18.323 During today's presentation, I will start by running through the key developments in 00:00:18.323 -- 00:00:23.971 the fourth quarter, as well as a recap of the development for the full year 2025 00:00:23.971 -- 00:00:27.520 and our measures to improve our profitability. 00:00:27.520 -- 00:00:31.706 Fredrik will then go through the financials in more detail before I make a short summary 00:00:31.706 -- 00:00:34.928 and we open up for your questions. 00:00:37.195 -- 00:00:41.641 In the quarter, we have charged the result with additional costs to terminate identified 00:00:41.641 -- 00:00:47.090 loss-making projects, while net sales were slightly lower than expected. 00:00:47.090 -- 00:00:52.758 We took robust measures to strengthen our operational base and increase predictability 00:00:52.758 -- 00:00:55.010 in our operations. 00:00:55.010 -- 00:00:59.698 We carried out comprehensive efforts to streamline our organization 00:00:59.698 -- 00:01:04.963 and strengthen the parts of the operations that have a negative impact. 00:01:06.429 -- 00:01:11.478 2025 was a challenging year with lower volumes and the large write downs 00:01:11.478 -- 00:01:16.036 in projects that had a negative impact on our earnings. 00:01:16.036 -- 00:01:20.421 During the fourth quarter, we continue to win attractive contracts and we are entering 00:01:20.421 -- 00:01:25.006 26 with a high order backlog, more than 4 billion. 00:01:25.006 -- 00:01:30.392 Around half of the order backlog is for products that had already underway this year, 00:01:30.392 -- 00:01:34.737...