Full Year 2019 Momentum Group AB Earnings Call Transcript
Hello, ladies and gentlemen, and welcome to the Momentum Group AB Q4 Call for 2018, 2019. Today, I'm pleased to present CEO, Ulf Lilius; and CFO, Niklas Enmark. (Operator Instructions) I'll now hand it over to the speakers. Please begin.
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Thank you. First, I would like to say welcome to our web meeting presenting our financial report together with my colleague, Niklas Enmark, Executive Vice President and CFO.
If we turn to next page, I will give you some highlights from the fourth quarter. On the whole, the industrial markets in Sweden, Norway and Finland continued to display a stable performance during the fourth quarter. We had a favorable growth in Norway enhanced by the upturn in the oil and gas sector and in Momentum Industrial, and our actions taken in the Momentum Group have had a positive impact on the result as well as the cash flow. In total for the quarter, we did see an organic growth by 3% and the operating profit rose by 30%. In the
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