NRSDY - Nordic Semiconductor ASA (NDCVF) Q4 2023 Earnings Call Transcript
2024-02-06 10:56:04 ET
Nordic Semiconductor ASA (NDCVF)
Q4 2023 Earnings Conference Call
February 6, 2024 02:00 AM ET
Company Participants
Stale Ytterdal - SVP, IR
Vegard Wollan - CEO and President
Pal Elstad - CFO and EVP, Finance
Conference Call Participants
Harry Blaiklock - UBS
Sebastien Sztabowicz - Kepler Cheuvreux
Nigel van Putten - Morgan Stanley
Olivia Honychurch - Jefferies
Christoffer Bjørnsen - DNB Markets
Markus Heiberg - SEB
Presentation
Operator
Morning, everyone, and welcome to this Nordic Semiconductor Conference Call covering Fourth Quarter. Today's call is being recorded. For the first part of this call, all participants are in listen-only mode. Afterwards, there will be a question-and-answer session. [Operator Instructions]
Speakers, please begin.
Stale Ytterdal
Morning everyone. As Patrick said, we are recording this presentation and will be available on our Nordic website under the IR section. On the IR webpage, you will also find our earnings press release, quarterly report, and the presentation. Joining me today, we have our new CEO, Vegard Wollan; and CFO, Pal Elstad. They will discuss our latest financial results as well as review recent business activity.
After the presentation, as Patrick said, we will open up for Q&A. The company will discontinue the chat Q&A function from the webcast. And from now on, we only will be accepting questions asked live through the Q&A dial-in functions. For dial-in details, please look at the earning call invite, which you can find under our IR site and a stock exchange notice. The dial-in details are only applicable if you want to ask questions.
As usual, the presentation contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those expressed or implied in such statements. We encourage you to review our full Q4 quarterly report and annual report for 2022 for more information on risks and uncertainties that may affect our business.
Without further ado, I hand over to our CFO, Pal Elstad.
Pal Elstad
Thank you, Stale. As you know, we have a new CEO in Vegard Wollan, who is also joining us today. As he only started on January 1st this year, I will take you through the main messages and financials for the fourth quarter and 2023, before leaving it to Vegard to present his assessment and our outlook at the end of the presentation.
Looking first at the full year 2023, we saw a 30% revenue drop in what has been a cyclical downturn that has been deeper and continued for longer than we have expected....
Nordic Semiconductor ASA (NDCVF) Q4 2023 Earnings Call Transcript