ICL Group Ltd (NYSE:ICL) Q4 2022 Earnings Call Transcript

So seasonally, we always increase inventory in the fourth quarter other than maybe the one time last year because of the reasons I mentioned. So it’s not out of the ordinary to have higher inventory at the end of the year in the bromine related product.

Aviram Lahav: And looking forward to a rebound on the electronic side, which we believe according to our discussions —

Raviv Zoller: And according to our experience.

Aviram Lahav: And our experience that it’s coming and some more inventory around the phosphorus side which would see a rebound in housing as interest rates start coming gradually down. So basically, this is an issue that we are totally aware of working through it and should sort itself out. That’s the bottom line.

Raviv Zoller: But on electronics, it’s going to take a couple more months on construction. It will take much longer because the cycle there is longer. Hope that answers.

Will Tang: Yep. That’s perfect. Thank you.

Raviv Zoller: Thank you.

Operator: Thank you. You have no further questions. Please proceed.

Raviv Zoller: Okay. So it’s the end of the year for all of you guys as well. So thanks for being with us this year. Thanks for sharing your questions and listening to us. Thanks for allowing us to report. Thanks for believing in what we’re doing, when you believe in what we’re doing, we’re very confident about the long term plan that we took upon ourselves a few years ago. We’ve been successful in executing in the recent five years and we’re even more confident about the next five years. We kept even in the fate of lots of luck that we had this year. We kept our expenses intact. We were disciplined. We continue to be disciplined. We don’t take ourselves too seriously and we execute, execute, execute and we’re looking forward to reporting back to you our first quarter results. Thank you very much for being with us and have a great rest of the day.

Aviram Lahav: Thank you.