NOTE AB (publ) (NOTE) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

We welcome viewers to this live broadcast when Note has published their report for the first quarter of 2026. Standing beside me is the company's management, CEO Johannes Lindh Widerstam and CFO Frida Frykstrand. Welcome. Thank you. You have a presentation that you will show us, so I'll simply hand over the word and return later to ask some questions. Thank you very much, Mike. Welcome everyone online. We have changed the format for this presentation and we're now working with Investor Studios. Normally I give you some flavor of how I think the quarter has developed. I think what is important is to know that we came in in this quarter with some issues in the output. Our Q4 came in slightly weaker. We had some issues in the supply chain to get the material out. Those problems were remaining into the first part of Q1. We expected the quarter to develop quite weak in the beginning and grow stronger, and that was supported by the order backlog that we talked about in the Q4 report. What we saw was that January came in a bit weaker than anticipated, February on track, and March came in quite strong. The pace we are entering into Q2 is rather strong and that is something that we talk about when we talk about the gradual improvement for the company throughout the year. January was a bit weaker, that was why we did not reach the full numbers that we were anticipating and we went out and made an update for the quarter on March 20 and we came in line with that or slightly above. We will talk about the earnings later on, but we also know that volume drives profitability, and that's something that we know has an issue. Frida will come back to that. When we go into the second quarter and the year ahead, we go in there with confidence. We have a good order backlog. We have a good ...