Rescue boat manufacturer Safe at Sea reports lower revenue but improved profit for the first quarter.Net sales amounted to SEK 2.6 million (3.1), corresponding to a decrease of 18.3 percent. Operating income amounted to SEK 4.0 million (4.8), a decrease of 17.9 percent, where changes in work in progress contributed positively.EBITDA amounted to SEK 0.4 million (0.4), which corresponds to an increase of 4.9 percent.Net income came in at SEK 0.2 million (0.2). Earnings per share amounted to SEK 0.01 (0.01).CEO Kaj Lehtovaara says that the quarter was characterized by high activity, but that revenue was negatively affected by prolonged customer discussions. At the same time, profit improved as a result of a higher gross margin on delivered systems.The company expects additional orders going forward linked to previous agreements with a NATO country. Key figuresOutcomeQ1 2025ChangeNet sales2.63.1-18.3%Operating profit0.30.3Net income0.20.2Earnings per share0.010.01