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: Carl Ragnerstam - Nordea Markets, Research Division - Analyst
: It's Carl here from Nordea. Firstly, I have a question regarding the efficiency measures that you communicated on the Capital Markets Day. I mean,
did you feel that you are performing according to plan? And in addition to that, I mean, you are working on more or less all measures at the same
time, if I understood you correctly. And can you talk a little bit about which one of the defined measures that might be the most challenging to
materialize?
Unidentified Company Representative
Okay, Paul. Yes, we see that the measures that we are taking, especially when it comes according to the sourcing, when it comes to efficiency
measures regarding to the AC companies and the Menerga, we have put most efforts for the time being. Sorry, it's with the AC companies and
Menerga as the sourcing is ongoing continuously in the back end of course. Now with efficiency measures and upgrades that we do in manufacturing
to raise efficiencies and affecting us there. The main focus where we put most people on -- as a project base today is actually Menerga and the AC
companies. But it's a -- a continuous work is ongoing in parallel to with the upgrade result. Absolutely.
Question: Carl Ragnerstam - Nordea Markets, Research Division - Analyst
: Okay, perfect. And in your outlook, you reiterated that you expect decent organic growth in the coming quarters. But I mean, given a softening or
growth on both parts, just as the Nordics as well as Western Europe. I wonder where do you expect organic growth to come from. Is it mainly
Eastern Europe and North America? And also in your outlook, do you expect that the renovation market starts to pick up? Or is it excluding that?
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MARCH 11, 2020 / 8:00AM, SYSR.ST - Q3 2020 Systemair AB Earnings Call
Question: Carl Ragnerstam - Nordea Markets, Research Division - Analyst
: Okay, perfect. And the final one for me. Can you maybe provide any indications of the current level of quotations from your less cyclical parts of
the business such as tumble, car parks and hospitals?
Question: Carl Ragnerstam - Nordea Markets, Research Division - Analyst
: Exactly, or the current demand -- level of demand, more or less?
Question: Douglas Lindahl - Kepler Cheuvreux, Research Division - Analyst
: Douglas here. A question from -- whole question from my side. You mentioned there, Anders, on the Russian market. I noticed that it's -- it was
down in the quarter. But I was wondering -- and you mentioned, Roland, that you had some high expectations on the Eastern European market in
the longer term. I was wondering in what context Russia, fits here? Do you expect the Russian market to perform strongly going forward? Obviously,
it's a market that's very dependent on the oil price, and we've obviously seen what happened there in the last few days. Maybe -- your most sort
of recent view on the Russian market is basically my question.
Question: Douglas Lindahl - Kepler Cheuvreux, Research Division - Analyst
: Okay. And on your sort of order situation in Russia, would it be fair to say that it's up or down compared to previous year's period?
Question: Douglas Lindahl - Kepler Cheuvreux, Research Division - Analyst
: As an indication of the near term?
Question: Douglas Lindahl - Kepler Cheuvreux, Research Division - Analyst
: And by the end of...
Question: Douglas Lindahl - Kepler Cheuvreux, Research Division - Analyst
: It was down, yes.
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.
MARCH 11, 2020 / 8:00AM, SYSR.ST - Q3 2020 Systemair AB Earnings Call
Question: Douglas Lindahl - Kepler Cheuvreux, Research Division - Analyst
:
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