Half Year 2023 DP Eurasia NV Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Anubhav Malhotra - Liberum Capital Limited - Analyst : Hi, everyone. Congratulations on the excellent set of results this morning. I just want to ask on your capital allocation plans for the future, given I expect to see as you will be free cash flow positive. So I'm just trying to understand whether you would like to use that cash flow to either pay off debt, which still remains material in the business? Or would you like to accelerate the growth of the COFFY business maybe, by opening more corporate stores there? So just your thoughts around that, please. Thank you. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 19, 2023 / 8:00AM, DPEU.L - Half Year 2023 DP Eurasia NV Earnings Call

Question: Anubhav Malhotra - Liberum Capital Limited - Analyst : Okay. Excellent, thank you. Can I also ask on the inventory point you just made. So you do expect to continue to hold a bit excess inventory and invest in rentals to be able to manage those costs? So would that continue to be a driver of your EBITDA going forward? Because I think in the first half it was gross profit went up quite high, but you also had increases in your operating expenses and marketing expenses. So it seems like gross profit was a driver of EBITDA in the first half.

Question: Anubhav Malhotra - Liberum Capital Limited - Analyst : Okay.

Question: Anubhav Malhotra - Liberum Capital Limited - Analyst : Thank you so much.