Q1 2024 Elanders AB Earnings Call Transcript
Good day, and welcome to today's Elanders AB conference call. (Operator Instructions)
At this time, I'd like to hand the call over to Mr. Magnus Nilsson, CEO. Please go ahead, sir.
Welcome everyone to Elander's conference call and this is Magnus Nilsson speaking. And together with me, I also have our acting CFO, Elsa Wilson as well. We'll now start with our presentation, and then we go directly to slide number five and talk about our first quarter. As expected, continuing the market to be very challenging in the first quarter and several of our customers show lower demand compared to the previous year, which resulted in a negative organic growth of 9% in the quarter and of this 9% negative organic growth the normalized shipping prices within Air & Sea was roughly 2%.
It was mainly customers exposed to end consumers that showed a downtrend compared to last year. And but our continued focus on lowering our working capital and improving our cash flow
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
