Sensys Gatso Group AB (OSTO:SGG)
kr 56.4 -1 (-1.74%) Market Cap: 650.31 Mil Enterprise Value: 808.92 Mil PE Ratio: 60.58 PB Ratio: 1.02 GF Score: 80/100
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Q1 2024 Sensys Gatso Group AB Earnings Call Transcript

Apr 26, 2024 / 08:00AM GMT
Release Date Price: kr74.8 (-4.47%)
Ivo Monnink
Sensys Gatso Group AB - Chief Executive Officer

Good morning, and welcome to Sensys Gatso's market presentation of the first quarter of 2024. My name is Ivo Mönnink, I'm the CEO of Sensys Gatso, and I will be presenting to you together with Simon Mulder, our CFO.

In this market presentation, I will provide you with an update on our business for the first quarter of 2024. We then follow up with a financial update by Simon. And finally, I will finish this presentation with a summary and our outlook.

Let's now look at an update of our business. In this business update, I will take you through our order intake, which is up by 253% this quarter, the strong backlog in our home markets, Sweden and the Netherlands, strong revenue growth of 11%, and explanation for the typical Q1 seasonality in the US market, our gross margin, which is suppressed this quarter due to the start-up of system sales deliveries in the Netherlands, and update on our enhanced relationship with our Saudi customer, and finally, an impression of our successful Inter Traffic Show.

Order intake and

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