Tobii AB (publ) (TOBII) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to TOBI Q1 2026 report presentation. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by raising their hand or typing them in the form below. Now I will hand the conference over to CEO Fadi Farron and Interim CFO Asa Warren. Please go ahead. Good morning, everyone. This is Badi Paroon speaking to you, CEO of Tobii. I'm joined today by Olsa Diweyan, our interim CFO, and Rasmus Levenberg-Bokhari, who leads our communications team. And thank you, everybody, for joining our Q1 2026 hearing. So let's start with the quarter. Q1 was a quarter with clear areas of progress, but also challenges that we are addressing. As you can see, the reported net sales declined year on year with 17%. However, organic sales actually increased by 5%. We additionally had an improved gross margin for the group by 7 percentage points. And furthermore, during and shortly after the quarter, we secured strategically important design needs. All of these developments together show that despite currency and timing-related headwinds, we continue to see underlying momentum in parts of our business. We've continued our disciplined focus on cost reduction and operational efficiency. So during this quarter, we reached 48 million Swedish krona in cost reductions, if you compare it to Q2 2025. Since that point, we've actually achieved hundreds of millions in total cost reductions, which actually exceeds our previously communicated target of 100 million SEC. And still we have one more quarter to go in that program. If we move to free cash flow, that was positive for the second consecutive quarter now, at 17 million SEC. And our cash position stands at 39 million SEC, even after rep...