Q4 2022/23 Presentation

Looking at the guidance for next year it seems quite conservative when comparing to also your investments in growth and increase in inventory. Are you more conservative than usual or are you experiencing some difficulties in growth at the moment?

Would you consider to guide on EBIT instead of EBITDA? I believe it will create more value to investors as depreciation of rental equipment is becoming a significant value

I believe you previously has mentioned that the market is quite fragmented with a lot of smaller operators. Have you considered an acquisitions strategy to accelerate growth and gain a bigger market share? If you have then what what you look for, new markets, special segments, technology or anything else?

Not that long ago you were only a few full time employees in the company and now Jens Krohn will be moving to the US. It sounds interesting, but how will you make sure that the european department does not lose its momentum when the CEO goes to the US while still being a quite new and still small organisation?

What kind of EBITDA margins do you usually have on your rental products compared to normal sales?

You have made a lot of new hires 22/23 - do you expect to continue to need to hire new people in or above this level in the new year or are your organisation fitted for your expected growth? How about in the US, how many people do you expect to need to hire here?

Inventory has increased significantly during the year. How are you managing these inventory levels and how do you make sure to have the right inventory in stock and keep inventory days low?

How much revenue do you get from the US today and how has the growth in this market been in the past years? What do you expect from this market in 2024?

Looking at the establishing of the US office. Will you be opening both a service and sales office at the same time?