Unibap Space Solutions AB (UNIBAP) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Unibab's Q1 presentation. As usual, we will record this and post it on the web after the meeting. We are presented by me, Johan, the CEO, and with me is Henrik, our CFO. The agenda today is to go through The quarter's finances, a little about the highlights during the quarter and after the quarter. Then a special section about how we see the situation and forward. And then at the end with our ambitions for the year. Then we start with the finances. Here you go, Henrik. Yes, thank you. The net revenue reached 34.4 million kronor for the first quarter. To compare with 36.2% in the same quarter last year, a decline of 5%. Last year, we had an order from Moog, or a delivery to Moog, of 31 million kronor. This year, in the first quarter, more part of the turnover of revenues was made from an order and a delivery to the leading European defense companies we have a collaboration agreement with. So a small decline in revenues. As for the moving results, we reached a positive one, 3.7 million kronor for the first quarter compared to 7.2 million last year. And the drop of about 3 million is comparable to half from the slightly lower turnover. And the other half is somewhat higher costs, mainly related to our USA business, which opened during the second quarter last year. But we have also had slightly increased costs in our research and development and our commitment to defense and security. And as we have said before, these are the three areas, USA, product development and defense, where we see our costs as investments in future revenues. But as I said, a positive turnover of 3.7 million for the first quarter. If we look at the last picture, the operating cash flow or the cash flow from the ongoing business, it was also positive, almost 7 million. And we have seen a...