Oct 14, 2024 / 08:00AM GMT
Johannes Lind-Widestam - Note AB(publ)-President - Chief Executive Officer
Welcome to NOTE third quarter presentation for 2024. As always, I'll try to make a short summary of the quarter. First of all, we did not reach our sales expectations. That is pretty clear. We had to go out and give a new guidance.
With that lower sales, I think the profitability came in pretty much where I expected or even slightly better. I still believe we're doing good cash flows. And I think that means that we are -- how should I say, we're converting the results as it should. I mean, we're not growing.
That means that we have a positive impact on the cash flow. We have lower ARs. Inventory is going down or continues to come down. This also gives a positive contribution to the cash flow. So those, what I call, financial fundamentals in our world is working as it should.
So therefore, we are expecting cash flow to be stronger than normal also for the coming, say, one, two, three quarters. It depends on when we are through all that. So I
Q3 2024 Note AB (publ) Earnings Call Transcript
Oct 14, 2024
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