Q4 2023 ALM. Brand A/S Earnings Call Transcript

Feb 10, 2024

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Feb 08, 2024 / 10:00AM GMT
Operator

Good morning or good afternoon, and welcome to the ALM. Brand Q4 2023 interim financial statement. My name is Adam, and I will be your operator for today. (Operator Instructions)

I will now hand the floor to Rasmus Werner Nielsen to begin. So please go ahead when you're ready.

Rasmus Werner Nielsen - ALM. Brand A/S-CEO

Good morning, and thank you for joining us on our conference call. I am Rasmus Werner Nielsen. As usual, I have with me today our CFO, Andreas Ruben Madsen, and the Head of IR team, Mads Thinggaard. This morning, we published our interim report for the fourth quarter. And as usual, I will walk you through the operating highlights and then Andreas will comment on the financials.

Let's move to slide 2. Overall, 2023 ended as a year with relatively high weather claims of 3.8% following an uptick in the second half of '23 and particularly in Q4, with 7.8% compared to our normal level of 2% to 3% on average quarter.

We saw many cloudbursts in Q4, wider storm pier just before Christmas took

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