ConvaTec Group PLC (LSE:CTEC)
£ 2.356 -0.01 (-0.42%) Market Cap: 4.82 Bil Enterprise Value: 5.86 Bil PE Ratio: 42.21 PB Ratio: 3.84 GF Score: 74/100

Q1 2019 ConvaTec Group PLC Trading Statement Call Transcript

May 03, 2019 / 08:00AM GMT
Release Date Price: £1.43 (+5.05%)
Operator

Ladies and gentlemen, welcome to the ConvaTec Q1 Trading Update for the 3 months ended 31st of March 2019. My name is Thornton, I'll be your coordinator on today's call. (Operator Instructions)

I will now hand over to today's host, Rick Anderson, to begin. Rick, please go ahead.

Rick D. Anderson
Convatec Group Plc - Interim CEO & Non-Executive Director

Good morning, everyone, and thanks for joining us for our first quarter call. This is Rick Anderson. I'm joined by our CFO, Frank Schulkes. We'll have a brief slide deck to take you through on our trading performance for Q1 and then we'll be happy to take your questions.

Before we get into the deck, I first want to touch on the progress we've made -- we're making on our Transformation Initiative we announced 11 weeks ago. First, what struck me has been the fantastic level of engagement and energy release that I've seen throughout the organization associated with our transformation. It's clear to me that the transformation is becoming a big part of our culture at ConvaTec, and we're seeing

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