The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Eivind Sars Veddeng - DNB Markets, Research Division - Analyst
: Eivind Veddeng, DNB Markets. Two questions, both on the markets. Firstly, on the global market and days of consumption. What is a comfortable
level of inventory days for the value chain? And what levels would trigger price movements? And secondly, aluminium demand has historically
trended above the GDP growth, as you showed. But for 2019, we have a lower aluminium demand growth than GDP. Can you elaborate on why
you see this relationship breaking down?
Question: Eivind Sars Veddeng - DNB Markets, Research Division - Analyst
: Days of consumption.
Question: Eivind Sars Veddeng - DNB Markets, Research Division - Analyst
: Days of consumption of inventories.
Question: Eivind Sars Veddeng - DNB Markets, Research Division - Analyst
: Eivind Veddeng, DNB Markets. Two questions, one for Egil. First, 10% EBIT growth per year. Is it possible to split that up between organic and
inorganic growth targets? And can you elaborate on the typical size of the companies you're looking for, geographies, et cetera? And also, I think
for Hilde, the lower sourcing cost on remelt, are you at this stage prepared to update the guidance on Metal Markets, which have been performing
quite above the previous guidance for quite some time?
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