BIMobject AB (OSTO:BIM)

kr 4.19 -0.01 (-0.24%) Market Cap: 597.50 Mil Enterprise Value: 383.46 Mil PE Ratio: 0 PB Ratio: 3.05 GF Score: 67/100

Q3 2020 Bimobject AB Earnings Call Transcript

Nov 13, 2020 / 01:00PM GMT

Release Date Price: kr14.56 (-1.75%)

Transcript

Carl Silbersky

BIMobject AB - CEO

Thank you very much, operator. Hello, everyone, and good afternoon. And welcome to our Q3 2020 financial report audiocast here at BIMobject. My name is called Carl Silbersky. I am the CEO. And together with me today, I have Alexander Dahlquist, the CFO. So, we'll walk you through this financial report. Operator, next slide, please.

Highlights in the Q3. First, we'll start looking at the number of registered users. The cumulative number of users is up 38% year-over-year, and we had a total of 2.1 million, up from 1.5 million, previous year. On the platform side, we can see net sales has increased by 19%. Things are moving in right direction. We are seeing a great tailwind here, especially in the reflection that we have also done some big, dramatic cost cutting in our sales force [during year].

Third thing worth highlighting is that we now have approximately one product downloads per second on the platform. We see that the downloads increase is fueled by accelerated digitalization of our industry and the large improvements on our product search

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