Oriola Oyj

Good morning and a warm welcome to Oriola's third quarter results audio cast. I am Tua Stenius-Örnhjelm from Oriola's Investor Relations and joining me today are our CEO Katarina Gabrielson and CFO Mats Danielsson. We'll start with Katarina who will take us through the quarter and Mats will then cover the financials. After that, we'll open the Q&A. As a reminder, we will first focus on questions relating to Aureola's business and financial performance. You're welcome to submit your questions through the chat at any point during the presentation. And just a practical note, we are recording today's audio cast and the recording will be available on our website later today. Before we get started, A quick look at our customer disclaimer. And with that, Katarina, over to you.

Thank you, Tua. And also a warm welcome on my behalf. and we continued to strengthen the profitable growth. I will come back a little bit later in this presentation with how we did it, but especially the commercial execution, the operational improvements and infrastructure development was something that continued to strengthen the performance. The net sales was growing by 5% and it was supported by continued Thank you for watching! But during the quarter we also had a one-off inventory provision and you will hear it more in this presentation going forward. That was on 0.7 million euros and that has affected the group of profitability so we landed on last year's level. During the quarter we also have a stable supply chain operations. We have a lot of volumes in our warehouses. and also capacity pressures. During the quarter we also announced that we have revisited our implementation strategy for the ERP and warehouse management program. That has been revised based on the insights from the first deployment that we did in Sweden in the end of last year. And now the timeline allows us parallel core built and also direct deployment into Järvenpää. We will also come back a little bit later to that in this presentation. One highlight from this quarter is of course Kronans Apotek. We can see another quarter of growth and profitability improvements from Kronans Apotek. It has mainly been by disciplined focus in the commercial performance and cost efficiency.

And this is also then based on the CMD discussions that we have earlier this year.