Studsvik AB (publ) (SVIK) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the interim report for Q1 2026 for Stödsvik. I'm Carl Thedin and next to me I have Peter Teske, my CFO. So let's start to go through the quarter. First, a summary of the Stödsvik Group. We are a worldwide service and product provider to the nuclear industry. Net sales last year amounted to 883 million SEK. We have offices in Asia, in Europe, and in the US. We're a little bit more than 500 employees in six offices around the world. Before we go to the result, just to remind everybody where we are in terms of what we do, because that is always important. And start with the top left-hand corner, new build, which is actually an area that we took significant steps to enter more broader in this quarter with the acquisition of Chanford Next. I will talk more about that later. But already before that, we are supplying our services and products into that market with fuel and materials testing for new reactor developments, supporting with waste planning for licensing, working with different fuel manufacturers for fuel that goes into these reactors, and obviously supporting the SMR project development. The other three business areas or operations that we are engaged in is decommissioning, which is predominantly a business that we do out of Germany, but also we are also engaged in Switzerland, Benelux and in the Nordics. In a secure and safe way, we are tearing down and decommissioning nuclear power plants. Typically, the process takes more than 20 years. Long-term operations is the majority of our business that's to serve There are more than 400 reactors in the world and we are active with at least half of that amount. With our testing services, supporting the ground outages, our software for fuel management, safety systems and so forth. And that will remain a very i...