Q4 2019 Lifco AB (publ) Earnings Call Transcript
Hello, and welcome to Lifco Q4 report 2019. (Operator Instructions) Just to remind you, this conference call is being recorded.
Today, I'm pleased to present, CEO, Per Waldemarson. Please go ahead with your meeting.
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Thank you, and welcome, everyone, to this Q4 conference call. I would like to start to go already to Page #2 in our presentation and just quickly go through the summary of the quarter. If we take the quarterly numbers, first, we had a sales growth of about 8% in total. However, we had actually an organic decline of 2% on the sales side in the quarter and also a 3% decline in the EBITDA numbers.
In the quarter, however, we had very strong cash flow, a growth of 44.5%. So I would like to point out that the work that we initiated during the year to get inventory levels into better a position paid off in the last quarter. And also, thanks to lower receivables, we showed a very strong operating cash flow.
And while
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