Jul 23, 2024 / 08:00AM GMT
Peter Kruk - NCAB Group AB(publ)-President - Chief Executive Officer, Director
Good morning. Thank you. So speaking today will be myself and Anders Forsén, accompanied by Gunilla Ãhman.
If we start by summing up our second quarter, we can see that the market recovery has been slower than we have anticipated. I think notably, we have seen a weak demand in Europe and especially Germany, as I think we've all seen from macro numbers on Ifo Index, et cetera, that the German manufacturing industry has done worse than expected, and that has also impacted our business.
Nordics has performed with mixed performance with some parts have been benefiting from defense growth, but we've also seen lower activity in areas of construction or energy sectors.
In North America and East, however, we start -- we continue to show progress with order intake growing and we have also landed some nice larger projects, notably in North America, which further helps the growth trend in orders there.
Overall, despite demand being lower than anticipated,
Q2 2024 NCAB Group AB (publ) Earnings Call Transcript
Jul 23, 2024
Already have an account? Log in
Get the full story
| 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... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers