Nederman Holding AB (FRA:5QR)

€ 18.8 0.1 (0.53%) Market Cap: 661.20 Mil Enterprise Value: 810.65 Mil PE Ratio: 23.23 PB Ratio: 3.11 GF Score: 62/100

Q1 2020 Nederman Holding AB Earnings Call Transcript

Apr 21, 2020 / 08:00AM GMT

Transcript

Operator

Ladies and gentlemen, welcome to the Nederman Holding Q1 2020 report. Today, I'm pleased to present the CEO, Sven Kristensson; and the CFO, Matthew Cusick. (Operator Instructions) I'll now hand over to our speakers. Please begin.

Sven Kristensson;publ;President

Nederman Holding AB;CEO & Director

()- -

Good morning, and welcome to this presentation of Nederman Group Q1 2020. It's interesting times we are living in. The -- some of the bullets. Of course, for the first quarter, we have had a negative impact from the corona pandemic or more correctly, all the political decisions emanating from the corona pandemic. And that has had a negative impact on the results and also on the orders received there, especially the early closedown in China. Basically, the country has been closed down for 2 months. Our 3 factories is being closed or running in slow speed for, yes, roughly 2 months. That has had -- obviously had a negative impact, both on order intake and sales. We have had some delivery problem, but it's been primarily in

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