Q4 2022 Mips AB Earnings Call Transcript
Good morning, and welcome to the Mips Conference Call. (Operator Instructions) Please note this event is being recorded.
I would now like to turn the conference over to Max Strandwitz. Please go ahead.
()-&
Good morning, and thank you, operator. My name is Max Strandwitz, and I am the CEO of Mips. And with me today, I also have our CFO, Karin Rosenthal, and we will present the year-end report.
So if we start with the key highlights, and I'm now on the second page of the quarter. As we communicated before, we expected a soft fourth quarter and, indeed, we did see a soft quarter. Net sales in the fourth quarter was down with 46%. If we adjust for currency effect, organic growth was down with 53%. If we look at the year-to-date performance, our sales decreased with 7%. And of course, as we also explained before, Q4 is a very Bike heavy quarter. In prior year comparator, we had almost 80% sales of bikes in the quarter. So of course, with the soft bike
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
