Sensys Gatso Group AB (publ) (SGG) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the presentation of Census GATSO Group's Q1 2026 Interim Report. My name is Lewis Miller, Group Chief Executive Officer. Joining me this morning is Simon Mulder, our Group CFO. To start our presentation, I'll provide an overview of our Q1 results as well as changes to our segment reporting and the restructuring of our North American organization to commence the year. I'll then turn the presentation over to Simon to review the group's results and new segment reporting in greater detail before addressing our financial outlook for 2026. Q1 marked our fourth consecutive quarter of strong performance with year-over-year improvements in revenue, EBITDA, and EBIT. Revenue increased 5% to 160 million Swedish kronor, driven by strong performance in our international segment that more than offset significant negative currency impacts and lower event volumes in the United States. EBITDA landed at 22.2 million for the quarter, up from 11.1 million last year, with margin increasing from 7.3% to 13.9%. This was due to economies of scale in project delivery and effective expense management across our organization. The strong revenue and EBITDA results flowed to a positive EBIT of 8.2 million, a significant turnaround from negative 1.1 million in Q1 25. Taken together, our Q1 financial results confirm our strategic direction announced last year, focused on our core markets, disciplined execution, and profitable growth. Turning next to our Q1 report, we are introducing a significant change in our reporting structure, moving from segments based on type of sale to a geographic basis. The new North American and international segments reflect our strategic priorities and the different business models that apply globally, while highlighting the difference betwe...