Nederman Holding AB (OTCPK:NHOXF)

$ 14.85 0 (0%) Market Cap: 703.58 Mil Enterprise Value: 861.52 Mil PE Ratio: 23.27 PB Ratio: 3.11 GF Score: 79/100

Q2 2023 Nederman Holding AB Earnings Call Transcript

Jul 14, 2023 / 08:00AM GMT

Release Date Price: $19.1

Transcript

Operator

Welcome to the Nederman Holding Q2 presentation for 2023. (Operator Instructions)

Now I will hand the conference over to CEO, Sven Kristensson; and CFO, Matthew Cusick. Please go ahead.

Sven Kristensson;publ;President

Nederman Holding AB;CEO & Director

()- -

Good morning, everyone, and welcome to this quarterly report session. We have, this morning, released a report for the second quarter 2023, and we can conclude that we have a continued positive trend. We have record quarterly order intake, record quarterly sales and record quarterly profit.

We can also say that product and technology development launches have generated customer interest and also demand for orders. Good development in growing segments. However, there are some challenges that remain. We have a slightly negative organic order intake growth in the quarter, and the backlog has declined somewhat from the peak levels. We can clearly see the inflationary pressure on margins, especially in the local sales organization. And as you all

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