Fluidra SA Q3 2023 Earnings Call Transcript

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

Question: Christoph Greulich - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : It's 3 from my side, if I may. Firstly, on the destocking. So just a clarification on the use of the word broadly. So it doesn't really sound like that destocking is fully behind you, if I understand that correctly. So yes, just wondering if it is possible to quantify how much of a headwind might still be left there for Q4 and potentially next year? And then a second question, a follow-up on the early buy orders. If you could clarify a bit on the timing of the shipments, is it correct to assume that some of the shipments and the revenue generation, yes, will spill over to Q1 next year. And if it is possible to give a rough split between Q4 and Q1 in terms of the early buy orders. And then lastly, on the gross margin. We have seen 4 quarters of sequential improvement there. Now in Q3 was a small step down again sequentially. I think yes, you mentioned that it had a bit to do with the lower contribution from North America. So with Q4 being much more -- North America having a much bigger weight for the group revenues in Q4, can we assume the gross margin again to step up? Yes, that's all from my side.