Tourn International AB (publ) (TOURN) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, my name is Robert Stevan and I'm the CEO of Torn International. Today, April 30th, we released quarter report 1 for 2026. If you look carefully at our figures for the quarter, we ended up with a turnover of 10.8 million kronor. The company's result was minus 597 and the total result was minus 1 million kronor. Megatron raised SEK 7.3 million, Netto's revenue was SEK 18.3 million, and Agencyland raised SEK 2.8 million and booked campaigns for SEK 8.6 million. Vertical AI, which we will talk more about, raised SEK 433,000 for Q1. But in simple terms, EBITDA improvement of 68% compared to Q1 2025. It is mainly due to cost savings. We have a cost reduction of 30% in everything from salaries to lower IT costs and general cost savings. But also due to that NAGATO, which is a significant margin improvement. In April, it was 18.3% of the gross margin of Q1 2026, compared to the previous year. Agency landed at 8.6 million U.S. dollars. We'll talk more about how that is and what we can expect, and what we can expect from AI in 2023. But if we start with Nagato, which I mentioned earlier, we landed at 18.3. On Q4, we were at 17.6 percent, so there is a continued margin of improvement in Nagato. Vi har valt att redovisa lite annorlunda i Q1 jämfört med tidigare kvartal. Just att vi hade så tydligt kunnat följa just resultatet. Vi har allokerat om en del kostnader under magasin, det vill säga befintliga kostnader i koncernen. Just att vi ger en mer rättvisande bild på nettomarginalen. So a part of the development cost there, a part of the IT cost there, and we have allocated it because it will be more clear and easier to follow. We still have more comparative present investments that we will be able to see. Just follow it, it's easier to compare. The turnover is, as I said, 7...