Inwido AB (publ) Q2 2024 Earnings Call Transcript

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

Question: Albin Nordmark - Nordea Markets, Corporates & Institutions - Analyst : Hi, Peter and Fredrick. Thank you for taking my questions. So a couple of questions. Firstly, regarding the gross margin, which seems to be increasing across three of the four business areas. How should we think about the gross margin looking ahead?

Question: Albin Nordmark - Nordea Markets, Corporates & Institutions - Analyst : Okay, thanks. And within e-commerce, can you comment on the margin there, we had the -- I think you had some 17% margin before the pandemic and then you were down really low and now you're getting up against what's a normal margin there. And also, if you can comment on, is it just Denmark that's going well there or any other company a country picking up?

Question: Albin Nordmark - Nordea Markets, Corporates & Institutions - Analyst : Can I ask you what market you entered this year?

Question: Albin Nordmark - Nordea Markets, Corporates & Institutions - Analyst : And great, thank you. And my last question, can you comment some overall comments on the M&A market? And also specifically, is it likely to close on acquisitions during '24?

Question: Albin Nordmark - Nordea Markets, Corporates & Institutions - Analyst : Okay, thanks a lot. That's all for me.

Question: Sofia Sorling - Carnegie Investment Bank - Analyst : Hi, Peter and Fredrick, and congratulation to a great report. Q2. I have a couple of questions. So let me first start with the non-recurring items that you recognized during the quarter. And could you give the split between what is related to the restructuring related part and the inventory losses, and then also this type of inventory losses in what type of product is it? And the reason for this nonrecurring item? without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. JULY 12, 2024 / 8:00AM, INWI.ST - Q2 2024 Inwido AB (publ) Earnings Call

Question: Sofia Sorling - Carnegie Investment Bank - Analyst : All right. And then should we expect any similar cost recognitions ahead or is this --

Question: Sofia Sorling - Carnegie Investment Bank - Analyst : Okay, thank you. And then you mentioned that the consumer behavior was strong in Denmark. Can you say anything about the consumer behavior in the other regions that you operating?

Question: Sofia Sorling - Carnegie Investment Bank - Analyst : Alright. But you mentioned also that is very strong momentum now in Ireland, for example. And what is the main reason for that? Would you say? And would you say that it's currently very at very high levels of momentum and you should not expect that to continue, or is this something that you expect will continue?

Question: Sofia Sorling - Carnegie Investment Bank - Analyst : Okay. without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. JULY 12, 2024 / 8:00AM, INWI.ST - Q2 2024 Inwido AB (publ) Earnings Call

Question: Sofia Sorling - Carnegie Investment Bank - Analyst : Okay.

Question: Sofia Sorling - Carnegie Investment Bank - Analyst : Okay, thank you. And you mentioned quite a lot that the order intake was positive. But actually, if we look at the order backlog year over year, it was down in several of the business areas and how would you interpret that? Is that like more of a negative order intake can then in the later part of the quarter or how should we view that?

Question: Sofia Sorling - Carnegie Investment Bank - Analyst : Okay, great. And when we talk about Eastern Europe. Let's see. Do you have any specific action plan for Eastern Europe to improve the margin within this business area? Or how do you view to get, what is your action plan within Eastern Europe. Could you say?

Question: Sofia Sorling - Carnegie Investment Bank - Analyst : Alright. Thank you.

Question: Sofia Sorling - Carnegie Investment Bank - Analyst : All right. And then let's see over UK and Eastern Europe, do you have any specific there, did I miss? without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. JULY 12, 2024 / 8:00AM, INWI.ST - Q2 2024 Inwido AB (publ) Earnings Call

Question: Sofia Sorling - Carnegie Investment Bank - Analyst : Okay. All right. Thank you. That was actually all my questions. Thank you so much for all your answers.