Mips AB (STU:7M1)

€ 40.62 -0.04 (-0.1%) Market Cap: 1.08 Bil Enterprise Value: 1.06 Bil PE Ratio: 119.75 PB Ratio: 21.33 GF Score: 94/100

Q3 2024 Mips AB Earnings Call Transcript

Oct 24, 2024 / 08:00AM GMT

Release Date Price: €47.28 (+0.30%)

Transcript

Max Strandwitz

Mips AB - CEO

Good morning. My name is Max Strandwitz. I am the CEO of NPS. And with me today, we also have our CFO Karin Rosenthal and we will take you through the presentation of the Q3 results presentation.

So if we start with the key highlights of the quarter, it was another strong quarter with 61% growth in net sales. If we adjust for foreign impact, we were actually delivering an organic growth of 69% which is a very strong number. And here today, we have delivered 29% organic growth. We saw good development in all our three different categories. And just to remind you, we have a sports category, a motor category and a safety category. The consumer market remains challenging and the buying behavior is still very erratic. This is especially visible in the North American market in Europe. We see that the consumer are coming back quickly quicker. And we also see that the consumer sentiment is improving the interest in implementing mid safety system in new helmets remains high and market share and penetration of maps continue to increase throughout the world. And we are

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