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

Investor webinar replay

Replay transcript excerpt

Thank you, everyone, for calling in this morning to Nobia's Q1 results presentation. The presentation today was by our president and CFO, Mr. Kristoffer Ljungfeldt, and our CFO, Mr. Henrik Skogsfors. And with those words, please, Kristoffer, the floor is yours. Thank you, Tobias. Good morning, everybody, and thank you for joining. Let's start off with some key highlights for the quarter. In Q1, we're moving into a positive EBIT compared to a year ago and are taking a lot of important steps in the right direction, even if our core markets remain soft. To lift up a few positives, we have done really well in generating cash in the period, which increased by almost half a billion Swedish crowns compared to the same period last year. Cash flow from our operating activities was positive, whereas we normally have a negative cash flow in Q1 due to seasonality. And that is a testimonial to our efforts of driving improved working capital and liquidity, which is one of our main focus areas across all our business units. I'm also pleased that we see continuous improvement in gross margins across the group for the fifth quarter. The gross margin came in at 38.6%, which is the highest gross margin since Q1 2018. And we will continue to mix up to mass premium and strengthen productivity to improve further going forward. Thirdly, we're materializing the savings up and about the plant that we have communicated and from the cost of programs that we launched last year. In the quarter, we released 70 million savings and the total cost of programs have now generated over half a billion Swedish crown savings the last one and a half to two years. Finally, and as a consequence of the above mentioned, we continue to make good progress in the Nordic profitability where we steadily strengthen ...