Q4 2024 Elmera Group ASA Earnings Call Transcript

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Feb 13, 2025

Feb 13, 2025 / 07:00AM GMT
Rolf Barmen - Elmera Group ASA - President, Chief Executive Officer

Good morning and welcome to our fourth quarter 2024 presentation. My name is Rolf Barmen, Head of the Elmera Group. Our CFO, Henning Nordgulen, is as usual with me and will take us through the financials. Morten Opdal, our Head of Investor Relations, is also with us, and we'll take questions during the presentation and address them to Henning and myself in our Q&A session following the presentation.

As promised on the third quarter presentation, we have indeed worked very hard to replicate the strong results from the fourth quarter in 2023. And even though the volumes came in lower than expected due to mild weather, we delivered a bit just in line with the fourth quarter in 2023. We have successfully mitigated the volume decrease from high temperatures and reduced consumption through our product management efforts. We have increased core margins in both the consumer and the business segment. The changes in our product mix over the last years have also increased our financial robustness, which we now are reaping the benefits of

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