NOTE AB (publ) (NOTE) Q4 2025 Earnings Call

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WEBVTT 00:00:01.820 -- 00:00:06.663 Good morning everyone and welcome to notes year end report. 00:00:07.446 -- 00:00:09.729 How do we summarize this year and quarter? 00:00:09.729 -- 00:00:15.055 If you start with a quarter, it's it's quarter where we made a very 00:00:15.055 -- 00:00:21.081 where we came back to the profitability that we are hoping and expecting. 00:00:21.081 -- 00:00:26.127 Maybe we're in the higher end compared to where we have been and where our long 00:00:26.127 -- 00:00:30.592 term objectives has been, but that is not a bad thing as I see it. 00:00:30.592 -- 00:00:32.415 Profitability 00:00:32.415 -- 00:00:35.600 is very important for us because that builds 00:00:35.600 -- 00:00:39.186 a foundation for what we want to do in the future. 00:00:39.186 -- 00:00:44.215 Profitability and cash generation is what gives us the 00:00:44.215 -- 00:00:48.822 opportunity to be aggressive in the consolidation that is ongoing in the market. 00:00:48.822 -- 00:00:54.472 So this quarter is yet another quarter where we show our ability to adjust 00:00:54.472 -- 00:01:00.962 and adopt to the current surroundings. Our top line were not that 00:01:00.962 -- 00:01:04.849 high. We came in just barely in our guidance. 00:01:04.849 -- 00:01:07.874 We had some delays and push-outs from the defence area. 00:01:07.874 -- 00:01:09.677 We are also seeing that in the first quarter. 00:01:09.677 -- 00:01:13.203 And to be clear, those push-outs are not lost sales. 00:01:13.203 -- 00:01:19.013 Those are delayed sales. And that means that currently we have some issues with especially 00:01:19.013 -- 00:01:24.481 test... Getting products through tests, that sounds very straightforward and easy, 00:01:24.481 -- 00:01:30.105 but these are really complex products with a lot of diff...