Ambu A S Ord (AMBFF) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and a warm welcome to this morning's call where we are going to announce our full year 22-23 financial and business results for Ambu. My name is Britt Milby Jensen, I'm the CEO of Ambu and with me today I have our CFO Thomas Frederik Smit. The agenda for this morning's call is that I'll go through a business update first. I'll hand over to Thomas for a financial update. And then I'll come back and share our outlook for 2023-2024. And then after that, we'll open up the floor for questions. So starting with our highlights, overall we had a very strong year in 22-23 with a lot of progress on many fronts. Highlighting the three main financial results, starting with the organic revenue growth where we had for the full year 7.6% organic revenue growth and for the fourth quarter an organic revenue growth of 14.1%. If we compare with what we delivered last year, this is almost a doubling of our organic revenue growth compared to the 4% last year. Then moving on to our EBIT margin before special items, we ended the year with 6.3% margin, and that's also more than doubling compared to last year where we finished at 2.7%. Then moving to our free cash flow, we are proud to announce today a positive free cash flow of 192 million DKK for the year. I guess you all remember the last year where we finished with a negative cash flow close to half a billion Danish kroner. We were at that time in a serious situation and we have been very determined to turn this situation around and therefore I'm very pleased with the results that we are reporting today on free cash flow. It's also one year ago since we launched our ZoomIn strategy, and on that we have also had solid progress on a number of fronts. If we start with our innovative solutions and our abilities to serve...