Qt Group Oyj (0RG5) Q1 2025 Earnings Call

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WEBVTT 00:00:01.806 -- 00:00:07.427 Good afternoon and welcome to the QD Group's first quarter 2025 results presentation. 00:00:07.427 -- 00:00:12.509 My name is Heli Jensa, IR Lead, and with me today are CEO Juha Varelius 00:00:12.509 -- 00:00:15.729 and CFO Jouni Lintunen to present the results. 00:00:15.729 -- 00:00:19.870 After the presentations, we will first have questions in the room, and if time allows, 00:00:19.870 -- 00:00:22.511 then we'll continue with questions on the lines. 00:00:22.511 -- 00:00:25.172 But please go ahead, Juha. The floor is yours. 00:00:25.172 -- 00:00:29.941 Thank you. Good. Good day, everyone. My name is Juha Aurelius. 00:00:29.941 -- 00:00:34.523 And like I said, I'm going to go first the business highlights, then on financials, and 00:00:34.523 -- 00:00:39.384 then the outlook for the rest of the year. 00:00:40.286 -- 00:00:42.547 So if we 00:00:42.547 -- 00:00:45.848 look our quarter, our net sales grew only 4.8%. 00:00:45.848 -- 00:00:50.189 And of course, that was a disappointment. We were expecting 00:00:51.231 -- 00:00:56.192 quite a bit more. But the challenge was... 00:00:56.545 -- 00:00:59.587 The environment was very challenging for us. 00:00:59.587 -- 00:01:03.478 Our EBITDA margin was 17.9. 00:01:04.110 -- 00:01:07.752 And, well, we're not – 00:01:07.752 -- 00:01:13.335 our EBITDA, Joni will talk about it more, but, of course, our EBITDA goes very well hand-in-hand 00:01:13.335 -- 00:01:18.058 with our revenue because we're in a product business. 00:01:18.058 -- 00:01:21.909 So given on that – 00:01:22.138 -- 00:01:27.162 We are not. It's always a question that are we going to be reducing our investments 00:01:27.162 -- 00:01:32.346 for the future? And the answer is no, we don't do such decisions based on on one quarter....