This means we are tightening our belt including a pause on hiring, a reduction in travel expenses, decreased capex to 70 to 80 million, of which the majority is carryover and maintenance, and we are working on converting inventories into cash.

Jan 31, 2023 / CFO / receipt, needs a key / Nicola Hannas, CFO | earnings call 2023-01-31 | transcript ce60216c-02df-4c49-be72-22985b9f654d | chars 15337-15580 | segment 15

The decline as a percentage of net sales was largely driven by pandemic-reduced promotional opportunities and travel.

Nov 23, 2020 / CFO / receipt, needs a key / Nicola Hannas, CFO | earnings call 2020-11-23 | transcript 9379d641-f67c-4b6a-bdbe-1fd9e669af11 | chars 10673-10790 | segment 10