Q1 2023 XXL ASA Earnings Call Transcript
Good morning, ladies and gentlemen, and welcome to the first quarter results presentation. My name is Tolle Groterud, and I have the pleasure of guiding you through today's presentation. And our CFO and Interim CEO, Stein Eriksen, will take you through the results and the key drivers and then followed by a Q&A session. And for media, there will be an opportunity to perform separate interviews after the presentation. So please direct your request to our press contact.
So without further introductions, I turn the floor over to you, Stein.
Thank you, Tolle. Good morning, everyone. Yes. So then let's look at Q1 and the results. I just wanted to start with this slide.
As you know, XXL ended 2022 with NOK 500 million in too high inventory. And in Q1, we did what we said we were going to do. We launched the biggest clearance campaign in 3 years. And this, combined with continued reduction of incoming goods
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
