Dan Togo Jensen's questions to AMKBY leadership • Q3 2024
Question
Sought clarification on the conditions for reinitiating the share buyback program, specifically asking what the company means by waiting for the 'Ocean markets to settle'.
Answer
The CFO explained that the share buyback was suspended due to uncertainty in the Ocean market. A decision to resume will be made once they have a clearer outlook for 2025 and beyond. The company's capital allocation priority is first organic growth and M&A, followed by returning excess cash to shareholders via dividends and buybacks. Visibility on the Ocean market's future is needed to determine the amount of excess cash.