Q4 2023 NCAB Group AB (publ) Earnings Call Transcript
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Good morning, everyone. This is Peter Kruk speaking. So welcome to today's conference for our Q4 results. So I think we're continuing on a similar note as in the previous quarters, with markets remaining weak in all of our regions. We can still see net sales and order intake being impacted by continued inventory normalization as well as continued weak demand at our customers but also our customers' customers.
Order intake, however, is stabilizing. As you can see, the levels we were in Q2 and Q3 are remaining in Q4. And our Book-to-Bill is now very close to one, and we can see some signs of more activity in both China and North America. We can also see some industry segments like automotive, EV charging markets, and aerospace and defense performing better than the market in general.
Positive in the quarter is that we've continued to maintain and develop our gross margins and that supports a strong EBITDA result in the quarter. We've been able to drive efficiency gains in both purchasing logistic costs to improve our
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