Nimbus Group AB (BOAT) Q4 2025 Earnings Call

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WEBVTT 00:00:00.487 -- 00:00:03.913 Welcome to the Nimbus Group quarter four report. 00:00:03.913 -- 00:00:08.963 This is Johan Inden speaking and with me to present today I have 00:00:08.963 -- 00:00:13.131 Rasmus Alvemyr on my side and 00:00:13.131 -- 00:00:14.914 we'll 00:00:14.914 -- 00:00:19.953 get going with the report. Well, first of all, I want to say that we 00:00:19.953 -- 00:00:24.058 continue operating in a soft market. 00:00:24.058 -- 00:00:29.865 We see that in our numbers. If you compare quarter to quarter, we are lower on sales 00:00:29.865 -- 00:00:34.871 and we have increased losses. At the same time, and as we will present through the 00:00:34.871 -- 00:00:40.227 presentation, we are executing a number of decisive measures now to turn the trend. 00:00:40.227 -- 00:00:45.374 Those are both on the commercial side with new product launches, 00:00:45.374 -- 00:00:47.717 restructure of our organization, 00:00:47.717 -- 00:00:50.380 but also on the cost and the efficiency side. 00:00:50.380 -- 00:00:54.686 And through the presentation, we'll take you through the measures we are taking. 00:00:54.686 -- 00:00:59.993 But let's start by summarizing the numbers and give you some additional information 00:00:59.993 -- 00:01:05.188 on where we stand. First of all, fourth quarter done on full year in summary. 00:01:05.188 -- 00:01:09.514 Net sales in the fourth quarter amounted to 233 00:01:09.514 -- 00:01:15.001 million SEC. That's a delta of 40 million SEC less than last year. 00:01:15.001 -- 00:01:20.048 And as we have pointed out through our presentation and also consistent with 00:01:20.048 -- 00:01:24.514 Q3, the North America market 00:01:24.514 -- 00:01:29.782 is the lion's share of the losses. And if we look at the full year, 2025, net 00:01:29.782 -- ...