Elanders AB (publ) (ELAN_B) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to the LANDERS AB conference call. My name is George. I'll be your coordinator for today's event. Please note that this conference will be recorded and for the duration of the call, your lines will be in the listen-only mode. However, you will have the opportunity to ask questions towards the end of the presentation, and this can be done by pressing star 1 on your telephone keypad to register your question. If you require assistance at any point during the presentation, please press star 0 and you will be connected to an operator. And I'm going to call over to your host today, Mr. Magnus Nilsson, to begin today's conference. Please go ahead, sir. Thanks, George. Welcome, everyone, to Lando's conference call. And together with me is also our CFO, Josep Wilson. And I will now go directly to slide number five and talk about our fourth quarter. Demand continues to improve in several of our customer segments, but was offset by negative growth from the automotive segment, which is facing major structural changes. This, combined with continuous soft demand from old-fashioned customers in North America, resulted in an unchanged organic growth, but it also affected our adjusted EBITDA margin negatively compared to previous year. In order to meet the decline from automotive and other uncertainties when it comes to future demand, we decided to reduce overall costs, and we carried out additional restructuring measures in the fourth quarter, on top of the early communicated cutbacks in our road transportation operations in Germany. These actions will reduce our exposure towards automotive, but also in general lower cost structure and will lead to yearly savings around 50 million crowns starting in 2025. In total, operating results in the fourth quarter negative...