Ovzon AB (publ) (OVZON) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to today's webcast with OBSON, where CEO Per Norén and CFO Victor Bremer will present the report for the first quarter of 2025. After the presentation, there will be a Q&A, so if you're calling in and want to ask a question, please press star 9 to raise your hand and then star 6 to unmute yourself when handed the word. You can also send in questions via the form to the right. And with that said, I hand over the word to you, Per. Thank you, Ludvig, and good afternoon and good morning, and warmly welcome everyone to our Q1 report for 2025. I'm here with our interim CFO, Victor Brimmer. Hello, everyone. Okay, so before we start the presentation, I would like to comment on three things specifically. First of all, the geopolitical pressure and turmoil has further increased, of course, in the past few months. which probably no one has escaped. This brings a lot of uncertainty to the world, obviously, but one thing is for sure, the need for resilient and high-performing mobile satellite communication continues to increase. Secondly, Oxfam's financial performance has continued to improve during the quarter because of a very strong finish to 2024. We have the third consecutive quarter, Q3, Q4, 24 and Q1 2025 with positive EBITDA. The EBITDA was 18 million SIC this quarter versus minus 18 million SIC in the first quarter of 2024. And we had positive operating cash flow of 66 million SIC. The revenue growth year over year from Q1 2024 to Q1 2025 is 38%. So we think we have a very, very strong quarter behind us. But the third thing I think is important to understand before we dwell into the numbers and the reporting is that timing of deals, dealing with government procurement and decision processes can take time. um and also the decision by the customers to dec...