Q4 2023 Otovo ASA Earnings Call Transcript
Ladies and gentlemen, good morning, and welcome to this fourth-quarter presentation for OTOVO ASA. Today, I'll give you a business update that shows somewhat weaker sales and installations than the year before. We have not been sitting idle looking at this situation develop and have used the quarter to do a business reset by cutting costs and cutting operational expenses, and setting ourselves up with the core of European shared operations in Madrid with a lower cost base that will take effect in the second quarter and allow us to have much better operational leverage as the European market for residential solar and batteries rebounds in 2024.
We'll also look at the portfolio development in which we've transacted on our first portfolio sale in the fourth quarter. We'll give you details on the first tranche closed and also how the future business develops with the Swiss Life deal for Norwegian and Swedish kroner. We'll also be looking at the value creation that we can expect from the euro portfolio that we're planning to transact also this year. Then we
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