Toby Lawton

“I mean, basically, there's one significant investment, which is which is driving the higher capex this year, which we will, the biggest spend on it is this year, which is the hooter investment in a new automated warehouse in in Poland, which, um which will come online during next year um and that will have significant…”

“I'll start on the financial summary of the income statement. And here, firstly, on the top left-hand side on sales, we reported 3.4 billion sec of sales in this quarter, which you can see in the left-hand column and the Q2 column.”

“Thank you Matthias thank you and yeah good morning everyone and I'll take a bit closer look at the financials and starting with with the slide financial summary.”

“Basically I can say so for Q1 we see yeah limited effect, limited impact from if you like the current situation with the oil price and the the middle east and so on um we we are uh we've secured volumes and hedged uh prices for our main raw materials in basically in q1 and q2 and a bit of q3 so we through the kind of…”

“I'll start off on a couple of minutes on the income statement. And firstly, looking at the Q4 numbers, the Q4 revenue, we were just over 1.8 billion sec in the quarter, which again, it is our smallest quarter of the year seasonally.”