Half Year 2024 Broedrene A & O Johansen A/S Earnings Call Transcript

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Aug 15, 2024

Aug 15, 2024 / 11:00AM GMT
Operator

Welcome to Broedrene A & O Johansen interim report for Q2 and H1 2024. For the first part of this call, all participants are in a listen only mode and afterwards, there will be a question-and-answer session. (Operator Instructions) This call is being recorded, and I will now hand it over to your speakers. Please begin.

Niels Johansen - Broedrene A & O Johansen A/S-Chief Executive Officer - Executive Director, Member of the Executive Board

Good afternoon and welcome to our second quarter and first half of '24 webcast. Let us look at some of the highlights of the second quarter. A & O also saw a positive growth of 2.8%. The growth was 1.9% when adjusting for the impact from Svenska VA-Grossisten. Our expectation was a flat quarter and also slightly higher than expected growth.

Second quarter benefited from the early Easter, adjusted for the number of workdays, the organic like-for-like growth was minus 1.6%. Renovation, modernization and maintenance shows a satisfactory gross. A & O holds a strong

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