Anora Group Oyj Q4 2023 Pre-silent Call Transcript

Jan 10, 2024 / 12:00PM GMT
Sigmund Toth Anora Group Oyj-CFO

Hello, everyone. Welcome to this call and thank you for attending. I will keep my introductory remarks quite brief at this time, and we'll leave time for Q&A. Although, of course, the level of detail that we can go into at this time is quite limited.

So in terms of recent developments, I think that it is more of the same as what we had seen and then communicated previously is that, as you know, we now have some quite simple priorities for our efforts at this time. And they are related to improving the profitability of our business, which, as you know, due to several factors such as foreign exchange, high input prices, and other factors, had decreased during the first three quarters of the year.

And then in September and October, we have taken in our key monopoly markets, at the first available time, quite significant price increases to increase the gross margin or to reestablish gross margin levels from the lower base. And this is one of our priorities.

And a second priorities related then to reducing net debt, to the reduction of

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