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: Albin Nordmark - Nordia - Analyst
: Yes, hi. (inaudible) Thank you for taking my questions. Just a question first on the gross margin decline in Eastern Europe as a result of increased
competition. Is this competition from local players? And can you give us some favor on how you expect the margin to develop going forward? And
then also you mentioned that you grab market share in your main markets. Is this also the case for Finland? And if so, are you doing it through
pricing with regards to the gross margin? Thanks.
Question: Albin Nordmark - Nordia - Analyst
: All right. But you won't expect the gross margins to be higher than 24% or is this normal level here in the coming years?
Question: Albin Nordmark - Nordia - Analyst
: Perfect. Thanks a lot. And then consumer order intake down 2%, since e-commerce is going quite well in that sense. And also Eastern is starting to
pick up consumer. Is it fair to think that the Western Europe is weak link here or can you give us a split between business areas for consumer order
intake.
Question: Albin Nordmark - Nordia - Analyst
: Alright. And then just one final. I think at least, Fredrik usually say that acquisition is hard to forecast since they either happen or don't happen. But
in order to reach your growth target, you need some 7%, 8% every year. So what's your best guess for M&A during '25? And also if you can tell us
something about most likely countries for M&A et cetera. Thanks.
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FEBRUARY 04, 2025 / 9:00AM, INWI.ST - Q4 2024 Inwido AB (publ) Earnings Call
Question: Albin Nordmark - Nordia - Analyst
: All right, that's very helpful. Thank you very much. That's all for me.
Question: Johnny Gin - SEB - Analyst
: Hello and good morning Fredrik and Peter and thank you for taking my question. I want to follow up a little bit here on the gross margin and
particularly assuming in Scandinavia a little bit. So I can see that the growth margin is very strong in Scandinavia.
And I was wondering if you could elaborate a little bit. Is it mainly mix that drives the strength or are we seeing other signs like efficiency gains also
starting to shine through? That would be helpful if you can comment on that. Thank you.
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FEBRUARY 04, 2025 / 9:00AM, INWI.ST - Q4 2024 Inwido AB (publ) Earnings Call
Question: Johnny Gin - SEB - Analyst
: Okay. Thank you. That was very clear. And then I want to go back to Eastern Europe a little bit. I know we already touched upon the growth margin
profile in Eastern Europe and zooming into cost on the OPEC side in Eastern Europe. I was wondering, could you share some comments around
that? It appears to cost is up a little bit. So I was wondering, are there anything in particular that drove the cost in Finland for instance, in this quarter
or how should we think about the cost development in Finland going forward?
Question: Johnny Gin - SEB - Analyst
: Okay. That was clear. And then just on the order backlog, specifically on the project side of the backlog, can you say something about the profitability
in that backlog? I suppose it mainly relates to the UK. So can we expect similar profitability in the backlog as the current profitability levels we see
now in Western Europe.
Question: Johnny Gin - SEB - Analyst
: Okay, thank you. That was all for me. Thank you very much for answering the questions.
Question: Lena Bloom - Handel Banking - Analyst
: Hi, Fredrik and Peter and thank you for taking my questions as well. Order intake was (inaudible) in Scandinavia. And is it possible to say if this was
primarily due to headwinds in Norway or do the Swedish market also see a decline in orders?
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FEBRUARY 04, 2025 / 9:00AM, INWI.ST - Q4 2024 Inwido AB (publ) Earnings Call
Question: Lena Bloom - Handel Banking - Analyst
: Super. Thank you. And then on the same topic, you mentioned signs of cautious recovery in the Swedish consumer market. Compared to Q3, would
you say that you have seen an improvement in the market?
Question: Lena Bloom - Handel Banking - Analyst
: Thank you for that (inaudible) as well, Thank you very much and congratulations to a good report.
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