Arjo AB (OTCPK:ARRJF)

$ 3.07 0 (0%) Market Cap: 852.59 Mil Enterprise Value: 900.58 Mil PE Ratio: 18.72 PB Ratio: 1.20 GF Score: 73/100

Q3 2024 Arjo AB (publ) Earnings Call Transcript

Oct 17, 2024 / 06:00AM GMT

Release Date Price: $4.11

Transcript

Joacim Lindoff;publ;President

Arjo AB;Chief Executive Officer, Director

()- -

(audio in progress) very much and also from our side, welcome to Arjo's Q3 2024 earnings call, where Niclas and myself look forward to give you some details on the Q3 report. Next slide, please.

We'll start with a business update from Q3, a financial update, and our outlook for 2024 before we open up for questions. And as always, we intend to keep this call to an hour and be ready by 9:00 AM. Next slide, please.

At the time for the Q2 report, we talked about a slightly unsure situation for capital sales in Europe due to political uncertainty in some of our major markets. This uncertainty has resulted in lower-than-expected capital sales in Europe in the quarter.

In addition, we saw some unexpected shortfalls in China and Japan also on capital side in the quarter. And in total, we, therefore, report only a 1.5% organic growth in the quarter, which is around 2 to 2.5 percentage points lower than our expectations that we had when we spoke last time in the

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