Q3 2023 Broedrene A & O Johansen A/S Earnings Call Transcript

Oct 26, 2023 / 11:00AM GMT
Niels Axel Johansen - Brødrene A&O Johansen A/S-CEO - Member of the Executive Board & Director

Good afternoon, and welcome to our third quarter '23 webcast. This webcast will focus on our third quarter '23 performance, and we will share with you the highlights and management's observations. Let us look at some of the highlights of the third quarter. In any way, third quarter share progress in our strategic focus areas. AO gained market shares in the third quarter as we have done in the past years. We also saw an increased number of customers in our broad network of outlets throughout Denmark. The EA assortment has been fully integrated in AO sensor warehouse for almost a year. And as of today, it has been introduced in 4 AO outlets. Additional 2 will follow before the end of this year.

During the third quarter, the EA assortment showed from AO.DK and the 4 AO outlets amounts to 20% of the total sales of the EAs as well. We will continue the journey in making EA nationwide with more outlets, adding the EA

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