Bewi ASA (STU:5T0)

€ 2.005 -0.04 (-1.96%) Market Cap: 391.46 Mil Enterprise Value: 913.76 Mil PE Ratio: 0 PB Ratio: 1.06 GF Score: 77/100

Q2 2023 Bewi ASA Earnings presentation Transcript

Aug 17, 2023 / 08:00AM GMT

Release Date Price: €3.1 (-9.10%)

Transcript

Christian Bekken

BEWI ASA - CEO

Welcome to this presentation. My name is Christian Bekken, and I am the CEO of BEWI. With me today, as always, I have our CFO, Marie Danielsson, who will take you through the financial. Our presentation includes some forward-looking statements, so I would like to point your attention to our disclaimer.

So let's talk about the highlights for the quarter. Some of the markets we operate in are currently very challenging. As you all know, the activity in the building and construction industry has dropped significantly across Europe. The activity has declined in most markets we operate in, but there are large variations.

Some countries like Spain, Portugal, and the UK are still doing very well. This has, however, resulted in a volume drop of 20% to 50% for the different units within the rural segment and the insulation and construction segment. We experienced that customers are very cautious, which reduces visibility. No one wants to commit to large order, both since customers have low visibility towards their customers and the price are very volatile.

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