Nobia AB (publ) (NOBI) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.299 Thank you, everyone, for calling in this morning to Nobia's Q1 results 00:00:05.299 -- 00:00:06.761 presentation. 00:00:06.761 -- 00:00:11.829 The presentation today was by our president and CFO, 00:00:11.829 -- 00:00:15.835 Mr. Kristoffer Ljungfeldt, and our CFO, Mr. 00:00:15.835 -- 00:00:21.544 Henrik Skogsfors. And with those words, please, Kristoffer, the floor is yours. 00:00:21.544 -- 00:00:24.268 Thank you, Tobias. Good morning, everybody, and thank you for joining. 00:00:24.268 -- 00:00:28.364 Let's start off with some key highlights for the quarter. 00:00:28.364 -- 00:00:33.431 In Q1, we're moving into a positive EBIT compared to a year ago and are 00:00:33.431 -- 00:00:38.538 taking a lot of important steps in the right direction, even if our core markets remain 00:00:38.538 -- 00:00:40.320 soft. 00:00:40.320 -- 00:00:45.066 To lift up a few positives, we have done really well in generating cash in the period, 00:00:45.066 -- 00:00:49.192 which increased by almost half a billion Swedish crowns compared to the same period last 00:00:49.192 -- 00:00:54.298 year. Cash flow from our operating activities was positive, whereas we normally 00:00:54.298 -- 00:00:58.435 have a negative cash flow in Q1 due to seasonality. 00:00:58.435 -- 00:01:03.765 And that is a testimonial to our efforts of driving improved working capital and liquidity, 00:01:03.765 -- 00:01:09.215 which is one of our main focus areas across all our business units. 00:01:09.215 -- 00:01:13.122 I'm also pleased that we see continuous improvement in gross margins across the group 00:01:13.122 -- 00:01:18.007 for the fifth quarter. The gross margin came in at 38.6%, 00:01:18.331 -- 00:01:22.235 which is the highest gross margin since Q1 2018. 00:01:22.263 -- 00:01...