Mips AB (publ) (MPZAF) Q1 2025 Earnings Call Transcript

2025-04-24 11:53:15 ET

Mips AB (publ) (MPZAF)

Q1 2025 Earnings Conference Call

April 24, 2025 04:00 AM ET

Company Participants

Max Strandwitz - Chief Executive Officer

Karin Rosenthal - Chief Financial Officer

Conference Call Participants

Adela Dashian - Jefferies

Carl Deijenberg - Carnegie

Emanuel Jansson - Danske Bank

Alexander Siljeström - Pareto Securities

Presentation

Operator

Good day, and thank you for standing-by. Welcome to the Mips Interim Report Q1 2025. [Operator Instructions] Please be advised that today's conference is being recorded. I'd now like to hand the conference over to your speaker today, Max Strandwitz, CEO. Please go ahead.

Max Strandwitz

Thank you, operator and good morning, everyone. My name is Max Strandwitz. I am the CEO of Mips. With me today, I also have our CFO, Karin Rosenthal, and we will take you through the presentation of the Q1 2025 interim report.

And if we start with the key highlights of the quarter. So first of all performance, we did see a continuation of the last quarter performance and growth patterns with strong performance in the quarter of 42% of course, organic growth. We saw good development in all the three categories we operate in and good growth in most geographies.

We do see strong sales to European customers fueled by improving consumer markets. Good growth also in the US, despite a much more careful consumer spending versus before. Our assessment is that the near-term sales development to our customers will be more uncertain, due to the lack of full understanding of the effects and implication of the implications of – or implementation of tariffs. We did see a strong improvement in the quarter with 78% improvement, mainly driven by the strong net sales improvement. This was partly offset by legal costs relating to a customer's legal IP dispute....

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