Q2 2023 BTS Group AB Earnings Call Transcript

Aug 18, 2023 / 07:30AM GMT
Rikard Engberg - Erik Penser Bank AB, Research Division - Research Analyst

Good morning, everyone, and welcome. My name is Rikard Engberg, and I'm an equity research analyst at Erik Penser Bank here in Stockholm. With me, I have Jessica Skon, CEO of BTS Group; and Philios Andreou, Deputy CEO of BTS Group, who's going to present the BTS second quarterly reports.

Jessica, the floor is yours.

Jessica Skon - BTS Group AB(publ)-President&CEO

Thank you, Rikard. Good morning, dear BTS investors. I would say, for the second quarter, BTSers were unhappy with our results for the second quarter and, at the same time, as I think you know about us, we never waste a down market. So while we're unhappy with our second quarter results, I think we're making really strong progress in our internal initiatives, and Philios and I are going to share a bit of both of those with you now.

So in terms of the results, the customer cautiousness, the overall conservative feeling that we were experiencing in the North

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