Oct 31, 2024 / 09:00AM GMT
Johnny Tsolis - Axactor ASA - Chief Executive Officer
Good morning and welcome to 's third quarter presentation together with me. I have our CFO Nina Mortenson. This presentation will be divided into four parts. First, I will take you through Q3 highlights. Then Nina will go through the financial update before I present an updated outlook. As always, we will round off with a Q&A session.
Let's move to slide 3 and have a look at the highlights for the quarter.
Gross revenue increased year over year by 2%.
The marginal growth was supported by a small portfolio sale of 4 million. EUR in Spain adjusted for this. The gross revenue declined 3% year over year.
The main reasons are still economic environment, the debt relief initiatives from the governments and the relatively moderate investment levels we had in 2023.
However, cash every day was up 6% year over year reaching EUR59 million for the quarter.
Strict cost control in all markets offsets declining gross revenue and inflation.
EBD A ended at EUR7 million down from 34 million last
Q3 2024 Axactor ASA Earnings Call Transcript
Oct 31, 2024
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