Precise Biometrics AB (publ) (PREC) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

It is today the 13th of May, 2026 and Precise Biometrics has just released its quarterly report for Q1 and with me is CEO Joakim Nydemark. How is it going? It's great to be here, thank you. How are you? It's great to be here as well, great to hear. The first quarter for you is of course characterized by the news about the combination of Precise Biometrics and Fingerprint Cards. And for those who haven't really been involved in the twists and turns, I thought we'd start there. What is the status of this business right now? This is an incredibly exciting opportunity for Precise Biometrics to take a step up in the value chain and offer both soft goods and hard goods. What is fun is that the owners voted for this in both votes. They did so on April 30th at the Valborg Men's Fair this evening. With that, we continue to execute towards the final fusion and the plan is to have it ready here during July this year. What will happen in the next 6-12 months? What is the plan for the future? A lot of things will happen. The main thing is the planning of the integration project. We have already started that and then we can't really press the button fully, at least not in all scenes for the Funktionen artifact here today in July. But the planning is underway and then we will execute it here during the fall. And there are a number of synergies that we will execute on and show. And there is absolutely everything that is connected to the context itself. But it is planned that we will be done with that during the fall so that we can go into 2027 with or in this new company. You have described the logic behind the combination in the form of four basic stones. It is a comprehensive offer, better commercial reach, cost synergies as well as future growth opportunities. But there is one th...