- Q2 2024 TCM Group A/S Earnings Call TranscriptAug 21, 2024kr64.4 (+1.26%)Earnings
- Q1 2024 TCM Group A/S Earnings Call TranscriptMay 16, 2024kr57 (+8.37%)Earnings
- Q4 2023 TCM Group A/S Earnings Call TranscriptFeb 28, 2024kr50.6 (+2.22%)Earnings
- TCM Group A/S Conference Call TranscriptOct 19, 2023
- Q2 2023 TCM Group A/S Earnings Call TranscriptAug 18, 2023kr62.2 (-3.42%)Earnings
- Q3 2022 TCM Group A/S Earnings Call TranscriptNov 15, 2022kr68.5 (-5.65%)Earnings
- Q2 2022 TCM Group A/S Earnings Call TranscriptAug 19, 2022kr85 (-5.56%)Earnings
- Q1 2022 TCM Group A/S Earnings Call TranscriptMay 18, 2022kr107 (+5.31%)Earnings
- Full Year 2021 TCM Group A/S Earnings Call TranscriptFeb 25, 2022kr124 (+0.40%)Earnings
- Q3 2021 TCM Group A/S Earnings Call TranscriptNov 12, 2021kr158 (-3.07%)Earnings
- Q2 2021 TCM Group A/S Earnings Call TranscriptAug 20, 2021kr158 (+2.60%)Earnings
- Q1 2021 TCM Group A/S Earnings Call TranscriptMay 19, 2021kr164 (-4.93%)Earnings
- Q4 2020 TCM Group A/S Earnings Call TranscriptFeb 24, 2021kr144.5 (-4.30%)Earnings
- Q3 2020 TCM Group A/S Earnings Call TranscriptNov 11, 2020kr128.5 (-4.46%)Earnings
- Q2 2020 Tcm Group A/S Earnings Call TranscriptAug 18, 2020kr129.5 (-5.47%)Earnings
- Q1 2020 Tcm Group A/S Earnings Call TranscriptMay 06, 2020kr94.6 (-1.87%)Earnings
- Q4 2019 Tcm Group A/S Earnings Call TranscriptFeb 26, 2020kr125 (-8.76%)Earnings
- Q3 2019 Tcm Group A/S Earnings Call TranscriptNov 06, 2019kr112 (+0.90%)Earnings
- Q2 2019 Tcm Group A/S Earnings Call TranscriptAug 14, 2019kr112 (+1.36%)Earnings
- Q1 2019 Tcm Group A/S Earnings Call TranscriptMay 07, 2019kr110 (-1.35%)Earnings
TCM Group A/S Conference Call Transcript
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Good afternoon, ladies and gentlemen. And welcome to the teleconference where we will discuss the reasons for the profit warning that we issued yesterday, and put a few comments to the preliminary Q3 figures. We will, of course, also host a conference call in connection with the release of the full Q3 report on November 17, 2023. Presenters today are our CFO, Thomas Hjannung; and myself, CEO, Torben Paulin. We will comment on the business and the profit warning, after which we will hand over to the operator for the Q&A session.
Let us start the presentation and turn to page 2 for the business update. Sales in Q3 fell short of our expectations. And overall order intake for Q4 is also weaker than expected despite the fact that we did see a pickup in B2C orders. Our underlying gross margin improved slightly in the quarter driven by an improved sales mix and the effect of the capacity adjustments. As a result of the weaker trading, we did see more stores with cash flow issues, which is why we have increased our provisions for
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