Q3 2023 Mips AB Earnings Call Transcript
Welcome to the Mips Q3 2023 Report. (Operator Instructions)
Now I will hand the conference over to the speakers, CEO, Max Strandwitz; and CFO, Karin Rosenthal. Please go ahead.
()-&
Good morning, everyone. My name is Max Strandwitz. I am the CEO of Mips. And with me today, I also have our CFO, Karin Rosenthal. We will take you through the Q3 interim report presentation of 2023.
And if we start with the key highlights of the quarter, we did see a soft quarter with a decline in sales of 32%. If we adjust for currency effect, organic growth was down 33%, and the soft performance that we have seen is mainly from the bike category -- subcategory and Moto.
As explained also in the report, we have seen a good start of the fourth quarter in terms of orders received and the indication from our customer in the industry is also that the markets will recover in 2024. There is still some short-term uncertainty in the retail environment. I think you all
| 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
