Tobii AB (publ) (TOBII) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody. This is Fadi Faron, new CEO at Tobii, and I'm joined here by Åsa Virén, our interim CFO, and Rasmus Löfvenmo Bukhari, who's head in communications. It's my absolute pleasure to be addressing you today in my new role at Tobii, and I'm really looking forward for a good collaboration together. So let's start. We ended the year with solid and significant cost efficiency measures that are here to support our journey towards profitability. However, the fourth quarter of 2025 has been weak in terms of both revenue and results. We've witnessed continued headwinds from the global states of geoeconomics, as well as currency-related challenges, as the Swedish krona continued to strengthen. All in all, this has led to generally weaker sales. But at the same time, the solid work towards cost efficiencies has continued. And in Q4, 43 million Swedish kronas have been achieved in run rate cost reductions. Well, this means that we have already achieved 72 million SEC in total cost reductions since Q2 of last year. And hence, we are moving steadily towards the 100 million SEC target. Now these lowered costs have contributed to an underlying EBIT for the company of negative 1 million SEC. Furthermore, we've made substantial non-cash fair value adjustments and write-offs to a net value of negative 195 million SEC. So these comprise write-offs of goodwill and projects, as well as fair value adjustments of contingent considerations for previous acquisitions, mainly related to auto sales. These adjustments are mainly because new business deals haven't materialized in the anticipated rate, and that has delayed the original plans for auto sales. In addition, we've seen that the international automotive market has developed weaker than expected at the time of the acqu...