Paxman AB (publ) (PAX) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to D&B Carnegie. My name is Maria Karlsson-Ossipovo and I'm an analyst here at the bank. And today we have the pleasure to talk with Richard Paxman about Paxman and your Q1 report. Welcome Richard. Thank you very much and great to be in the studio. First time in the studio. It's nice. I like it much better than being online. Yeah, I think so, too. And the format is as usual. You start presenting the quarter and then we will jump over to Q&A session. And I remind everyone to ask questions in the chat. And yeah, please take it away, Richard. Super. Thank you very much. And great to be here, as I said. So Q1 highlights, really pleased with the progress that we've made at the start of the year. Group sales amounted to nearly 90 million SECs. That's our highest level of sales to date. About 90 million SEC came from Dignitana. So really showing that acquisition is a positive move. I think it's also important to see that there was growth overall. So I think growth in total was about over 30% from Q1 2025. I think what was promising is the EBITDA. So EBITDA of about 10.5 million SEC for the quarter. Again, that really positively affected by the Dignitana acquisition. So now starting to see those synergies and we'll talk about that shortly. But also good performance from Paxman as well. I think it's important to say that we're still investing into CIPM, which is great and getting ready for launch. So you'll see some impact there, but it's a positive impact because it's investment for growth. Our insurance based sales were maintained. And again, I'll touch on that later, but I think that's also positive because we had a really strong end to the year as well last year. So we've maintained that and now we'll start to see better utilization and more sites coming...