Sensys Gatso Group AB (publ) (SGG) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to CensusGazzo's market presentation of the first quarter of 2025. My name is Ivo Munning. I'm the CEO of CensusGazzo and I will be presenting to you together with Simon Mulder, our CFO. In this market presentation, I will provide you with an update on our business for the first quarter of 2025. We then follow up with a financial update by Simon. And finally, I will finish this presentation with a summary and our financial outlook for 2025. Let's now look at an update of our business. In this business update, I will take you through our order intake, of which 94% has a recurring nature this quarter. Our first recurring revenue order from our Saudi customer. The negligible impact from the tariffs on our US business. the impact we see from a weakened dollar, the continuing growth of our recurring trust business, and finally, our margin and EBDA development. Let's start with the order intake. The order intake and procurement awards during the first quarter came in at 192 million compared to 318 million in Q1 of 2024. Of the total order intake, 62% or 119 million is from orders received in the US market. 65 million is related to renewing a contract with our longstanding customer East Providence in the state of Rhode Island, and the remaining 54 million relates to three new contracts signed during the quarter in three different states, Illinois, Pennsylvania and Colorado. The latter one is our first contract in a new state for San Francisco with the city of Longmont. Opening up a new state is a milestone that potentially could lead to new cities following suit. Of the 192 million total order intake, 94% or 180 million is labeled as recurring revenue. The substantial share of recurring trust revenue within our Q1 order intake demonstrates that we c...