If we move to the next slide, then you probably all remember that last quarter, I talk about a new long-termimprovement program. We finished the restructuring, and we now started a gross margin improvement program.And you might ask, with all the COVID-19 things happening, what's
happening to this program. And you mighteven ask since the target of this program is an operating margin of 28%, and we already surpassed that in thefirst quarter, is that because we finished the program. And I have to tell you no to both. No, we have not stoppedthe program. The program is running very well.
We're doing all the different elements you can see here onprocurement, the network, operational excellence, supply chain, organizational model. We have reorganized ourentire manufacturing operation. So we are in full swing with the program. The numbers for the first quarter is exceptionally good, so they're not you could say a sustainable level yet, butthey do indicate that the 28% operating margin, that is the target for this program at the end of 2023.
That is aachievable target, and that is still what we are going for.
MYX Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
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