Note AB (LTS:0GSS)
kr 132.9 -0.4 (-0.3%) Market Cap: 3.81 Bil Enterprise Value: 4.15 Bil PE Ratio: 14.47 PB Ratio: 2.50 GF Score: 93/100

Q3 2024 Note AB (publ) Earnings Call Transcript

Oct 14, 2024 / 08:00AM GMT
Release Date Price: kr129.22 (+8.58%)
Johannes Lind;Widestam;publ;President
Note AB;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

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