Arjo AB (STU:A39)
€ 3.028 0.018 (0.6%) Market Cap: 827.72 Mil Enterprise Value: 873.67 Mil PE Ratio: 19.19 PB Ratio: 1.23 GF Score: 65/100

Q2 2023 Arjo AB (publ) Earnings Call Transcript

Jul 14, 2023 / 06:00AM GMT
Release Date Price: €3.88 (+10.15%)
Joacim Lindoff;publ;CEO
Arjo AB;President, Interim CFO & Director

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Thank you very much, and a warm good morning to everyone, and welcome to Arjo's Q2 2023 earnings call where I will give you some details on the Q2 report that we just released. Next slide, please.

Today's agenda includes, as always, a summary of activities and results from Q2, balance sheet items and some comments on the outlook for 2023, and then we will open up for questions. And as always, we intend to keep the call to an hour and finish no later than at 9:00.

Next slide, please, and let's start with the business update. And if I can have the next slide, thank you. Following the trend from Q1, we have continued to see good demand during Q2 in most major markets for our solutions as well as capital sales, Service and Rental. We post a healthy 5% organic growth for the quarter, with all regions developing according to plan.

In the U.S., it continues to be the conversion from lead to order that is slower than usual due to the continued stressed financial

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