NOTE AB (publ) (NOTE) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.415 Good morning and very welcome to Note's second quarter presentation. 00:00:04.415 -- 00:00:06.415 As 00:00:08.338 -- 00:00:14.064 always, when we have the current president in the US, we see some disturbances 00:00:14.064 -- 00:00:17.527 during the weekend. So how do we 00:00:17.527 -- 00:00:21.228 cope with those changes and so on? But 00:00:21.771 -- 00:00:26.775 we will only touch upon that topic and focus more on Note's 00:00:26.775 -- 00:00:28.775 performance. 00:00:29.630 -- 00:00:32.591 Let's start with this. 00:00:33.015 -- 00:00:36.019 When we presented Q1, we were quite, 00:00:36.019 -- 00:00:40.002 how should I say, nervous about how the 00:00:40.425 -- 00:00:44.550 global factors would affect us. We were cautious in our guidance. 00:00:44.550 -- 00:00:48.456 We saw some slowdowns. We 00:00:48.456 -- 00:00:53.202 were seeing and expecting that the turbulence on the financial market would be bigger 00:00:53.202 -- 00:00:57.777 than it actually became. So we were quite... 00:00:57.777 -- 00:01:03.562 pessimistic. We were expecting customers to move out of their orders more 00:01:03.562 -- 00:01:08.647 in time than we have seen. So if I look at this quarter, it came in, as we 00:01:08.647 -- 00:01:10.329 see it, fairly much in line with what we said. 00:01:10.329 -- 00:01:15.774 980 million in sales with roughly 35 million in negative 00:01:15.774 -- 00:01:20.919 effect from coming from currency. So sales were as we were expected. 00:01:20.919 -- 00:01:25.061 Our profitability, 9.6% underlying. 00:01:25.148 -- 00:01:29.914 were at 10 in the first quarter then we also we we knowing that are doing this we see 00:01:29.914 -- 00:01:34.720 that there are some what do you call it some vip build up that were stronger in the first...