Otovo ASA (OSL:OTOVO)
kr 1.078 0.078 (7.8%) Market Cap: 301.39 Mil Enterprise Value: 283.34 Mil PE Ratio: 0 PB Ratio: 0.44 GF Score: 63/100
Back to the Transcripts List

Q4 2023 Otovo ASA Earnings Call Transcript

Feb 08, 2024 / NTS GMT
Release Date Price: kr2.23 (-17.25%)
Andreas Thorsheim
Otovo ASA - Founder and CEO

Ladies and gentlemen, good morning, and welcome to this fourth-quarter presentation for OTOVO ASA. Today, I'll give you a business update that shows somewhat weaker sales and installations than the year before. We have not been sitting idle looking at this situation develop and have used the quarter to do a business reset by cutting costs and cutting operational expenses, and setting ourselves up with the core of European shared operations in Madrid with a lower cost base that will take effect in the second quarter and allow us to have much better operational leverage as the European market for residential solar and batteries rebounds in 2024.

We'll also look at the portfolio development in which we've transacted on our first portfolio sale in the fourth quarter. We'll give you details on the first tranche closed and also how the future business develops with the Swiss Life deal for Norwegian and Swedish kroner. We'll also be looking at the value creation that we can expect from the euro portfolio that we're planning to transact also this year. Then we

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
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
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.