Apr 28, 2022 / 08:00AM GMT
Operator
Ladies and gentlemen, welcome to the MIPS Audiocast Teleconference Q1 2022. Today, I am pleased to present CEO, Max Strandwitz, and CFO, Karin Rosenthal. (Operator Instructions) Speakers, please begin.
Max Strandwitz - MIPS AB(publ)-CEO&President
Thank you, operator. Good morning, everyone. My name is Mark Strandwitz, and I am the CEO of MIPS. With me today, I also have our CFO, Karin Rosenthal. I will take you through the quarter 1 results presentation, and if we start with the key highlights of the first quarter.
Despite a very challenging world around us, we had a strong start of the year, with an increase of net sales of 65%. If we adjust for FX, FX we did see a 48% organic growth in the first quarter. So a very strong start. We did see good performance in all our 3 categories. We continued to deliver improvement in EBIT, mainly driven by the higher sales that we saw in the quarter. We have had challenging supply chain in the quarter, mainly related to COVID shutdowns in China, however, very
Q1 2022 Mips AB Earnings Call Transcript
Apr 28, 2022
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers