Full Year 2019 Munters Group AB Earnings Call Transcript
Hello, and welcome to the Munters Fourth Quarter 2019 and Year-End Report. Today, I'm pleased to present CEO, Klas Forsström; and CFO, Annette Kumlien. (Operator Instructions) Please begin.
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Thank you, and good morning. And before I go into today's presentation, let me briefly summarize the quarter that has passed and the year. If I should pick one word, I will pick stable. It was a stable quarter and a year, setting a good base with a solid outcome. The stable quarter generated, as predicted, a somewhat lower growth, driven from industrials in Europe and consolidation in the lithium-ion battery in Asia. What was pleasing that it was a continued good delivery on savings and efficiency activities, linked to our Full Potential Program. That resulted in a strong cash flow and a good profit level despite a somewhat changed product mix during the quarter. All in all, this resulted in a good improvement on our leverage. And in that sense, it is
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