Anders Åkeblom
Analyst, Nordea
Replay available
NOTE AB (publ) (STO: NOTE) Q3 2025 earnings conference call, held 2025-10-16. Replay captured from the company's public earnings webcast.

Analyst, Nordea
Watch the replay and follow the connected company analysis, news, and investor updates for Note Ab.
WEBVTT 00:00:00.031 -- 00:00:04.401 This slide becomes more and more worded, so we need to start to deword it because we 00:00:04.401 -- 00:00:06.366 have so many things we want to talk about. 00:00:06.366 -- 00:00:11.438 But we are investing for the future and for continued profitability. 00:00:11.438 -- 00:00:16.450 As I said many times before, our profitability comes from our operational performance. 00:00:16.450 -- 00:00:19.691 It's not that we are increasing 00:00:19.814 -- 00:00:22.817 prices or pricing our customers in another way. 00:00:22.817 -- 00:00:26.021 We simply try to be more efficient than our peers. 00:00:26.021 -- 00:00:31.186 And that is why we are making a few percent higher than the industry standard. 00:00:31.186 -- 00:00:33.789 All that comes from investments. 00:00:33.789 -- 00:00:39.095 It comes from using more modern tools, using AI agents to be more smart 00:00:39.095 -- 00:00:44.521 in how we produce. We try to decrease the number of workers compared to our sales 00:00:44.521 -- 00:00:49.888 and so on. But all that comes with the price, and that is for us investment in both equipment 00:00:49.888 -- 00:00:55.155 and in building, so we can facilitate more production in the 00:00:55.155 -- 00:00:56.577 current, 00:00:56.577 -- 00:01:01.264 how shall I say, frame that we work from. And this work continues. 00:01:01.264 -- 00:01:06.331 And it's also good that during then, I mean, we have built 00:01:06.331 -- 00:01:10.997 up Torsby. We will move into the new premises, I think, in the end of November. 00:01:10.997 -- 00:01:15.023 And then we will start to move production in there in the first quarter next year. 00:01:15.023 -- 00:01:20.054 That has happened, but in the meantime, Torsby is still generating very good 00:01:20.054 -- 00:01:25.125...