Probi AB (GREY:PBBIF)

$ 24 0 (0%) Market Cap: 290.73 Mil Enterprise Value: 269.47 Mil PE Ratio: 223.97 PB Ratio: 2.18 GF Score: 65/100

Q2 2023 Probi AB Earnings Call Transcript

Jul 18, 2023 / 08:00AM GMT

Release Date Price: $17.75

Transcript

Operator

Welcome to Probi Q2 Report 2023. (Operator Instructions)

Now I will hand the conference over to CEO, Anita Johansen; and CFO, Henrik Lundkvist. Please go ahead.

Anita Johansen;publ;CEO

Probi AB

()-

Good morning. Welcome, and thank you for dialing in to Probi's presentation of our quarter 2 results for 2023. With me, I have Henrik Lundkvist, the CFO of Probi. And my name is Anita Johansen, I'm the CEO of Probi. Please take a few moments to familiarize yourself with this statement. And this is the agenda of our presentation today.

So in summary of our call today, I'm going to talk a little bit about the key highlights here. The net sales in the first half of 2023 decreased by 4%, which was actually 10% adjusted for the currency effects. And the result after the first half year is SEK 316 million. The EBITDA margin for the first half of the year decreased to 19% and it was burdened by large costs affecting the comparison, and Henrik will talk a little bit more about that later.

We saw a weaker underlying

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