Midsona AB (OSTO:MSON A)

kr 10.5 0 (0%) Market Cap: 1.30 Bil Enterprise Value: 1.80 Bil PE Ratio: 0 PB Ratio: 0.50 GF Score: 75/100

Q1 2024 Midsona AB Earnings Call Transcript

Apr 25, 2024 / 09:00AM GMT

Release Date Price: kr10.3

Transcript

Peter Asberg

Midsona AB - President, Chief Executive Officer

This is Peter speaking. Thank you so much for attending this call. On a top line summary, I would conclude that we took several steps in the right direction in the first quarter to strengthen our position. We are very happy that all three divisions reported both improved margins and a stronger operating profit. That said, this is only the first step in our quest to reach our new long-term financial objectives.

And before we go into the actual presentation, I would just like to make you aware that this presentation might contain forward-looking statements and that such statements are subject to risks and uncertainties and for a full view on the risks we refer to our newly published annual report.

So let's look at the key financial headlines for Q1. We are quite happy about the progress that we did make in the first quarter. First and foremost an EBIT almost doubled to SEK38 million compared to SEK21 million last year.

And this is despite the fact that Easter had quite a negative impact on both sales and profits in

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