Otovo ASA (OSL:OTOVO)

kr 1.008 -0.048 (-4.55%) Market Cap: 295.24 Mil Enterprise Value: 277.19 Mil PE Ratio: 0 PB Ratio: 0.40 GF Score: 54/100

Q3 2024 Otovo ASA Earnings Call Transcript
Oct 24, 2024

kr1.2 (-14.14%)

Earnings
Q2 2024 Otovo ASA Earnings Call Transcript
Aug 20, 2024

kr1.3 (-0.31%)

Earnings
Q4 2023 Otovo ASA Earnings Call Transcript
Feb 08, 2024

kr2.23 (-17.25%)

Earnings
Q2 2023 Otovo ASA Earnings Call Transcript
Jul 13, 2023

kr11.33 (+1.06%)

Earnings
Q1 2023 Otovo ASA Earnings Call Transcript
May 04, 2023

kr12.17 (+8.32%)

Earnings
Q4 2022 Otovo ASA Earnings Call Transcript
Jan 25, 2023

kr18.9 (-3.45%)

Earnings
Q3 2022 Otovo ASA Earnings Call Transcript
Oct 27, 2022

kr20.18 (+4.10%)

Earnings
Q2 2022 Otovo ASA Earnings Call Transcript
Jul 14, 2022

kr21.62 (+1.87%)

Earnings
Q1 2022 Otovo AS Earnings Call Transcript
May 05, 2022

kr24.45 (-3.91%)

Earnings
Q4 2021 Otovo AS Earnings Call Transcript
Jan 20, 2022

kr22.95 (-5.43%)

Earnings
Q3 2021 Otovo ASA Earnings Call Transcript
Oct 28, 2021

kr19.88 (+2.35%)

Earnings
Q2 2021 Otovo ASA Earnings Call Transcript
Jul 15, 2021

kr12.62 (+4.98%)

Earnings
Q1 2021 Otovo AS Earnings Call Transcript
Apr 28, 2021

kr16.9 (+5.26%)

Earnings

Q2 2024 Otovo ASA Earnings Call Transcript

Aug 20, 2024 / NTS GMT

Release Date Price: kr1.3 (-0.31%)

Transcript

Andreas Thorsheim

Otovo ASA - Chief Executive Officer

Ladies and gentlemen, good morning, and welcome to this presentation of Otovo's second-quarter results. My name is Andreas Thorsheim, founder and CEO.

And I will be presenting a business update before leaving the floor to Petter Ulset, our Chief Financial Officer. He will give you the financial results. I'll return for a summary and outlook. At the end, we'll have questions and answers, so don't hesitate to leave your questions in the chat function.

Now let's dive into the numbers. This quarter, we installed 1,627 (sic - see slide 4, "1,827") projects. That's up 5% -- sorry -- that's up 13% sequentially from Q1 and down 43% from the same quarter last year, which was the peak of our installation pipeline following the energy crisis in '22, '23.

Revenues generated came in at NOK240 million, up 5% sequentially. As you well know, our revenue recognitions happen at the time of installation. And these two numbers, installations and revenues generated, will follow each other.

Our ability to increase gross margin is visible

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