Q4 2023 Robit Oyj Earnings Call Transcript
Welcome to Robit's quarter four and full-year 2023 results analyst and press conference. My name is Arto Halonen , and I'm the Group CEO, and I'm here with Ville Peltonen, Group CFO. For those participating online, I'd like to remind that there's a possibility to ask questions through chat and we will be covering those then at the end of the presentation.
First, a brief disclaimer on the forward-looking statements and risk involving on those. 2023 can be characterized as a year of structural changes. We implemented many actions that improves our competitiveness in long term. During the year, we saw weaker demand, especially in the construction segment focused on Europe and Asian market. We also saw destocking from our customers and distributors, which impacted also our demand in the mining segment.
We came to the year with two, three years of very volatile situation in supply chain during which customers and also, distributors in different parts of the value chain had accumulated stock and many ramped down their inventories during the year, impacting our
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