Vend Marketplaces Asa B (SBBTF) Q1 2020 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Shipstead ASA Q1 2020 conference call. Today's conference is being recorded, and at this time, I would like to turn the conference over to Mr. Jan Boje Meinecke. Go ahead, sir. Thank you. Good afternoon. My name is Jan Boje, and I'm the head of IRN Shipstead. A warm welcome to all of you joining us here today for the Q&A session with the Q1 results. Together with me here in Oslo is our CEO, Kristin Skogenlund, our CFO, Ragnar Kohus, and also our Head of Group Communications, Asle Lesum. This morning we presented the Q1 results as a webcast and probably many of you have followed. If not, you can find a recording of the webcast shortly on our IO website. And Adewinta reported their Q1 results yesterday morning, and their recording and presentation is also available on their site at adewinta.com. Now I would like to hand the word over to Christine to give a short introduction before we start the Q&A. Christine, please go ahead. Thank you, Jan Boye, and hello, everybody. So this morning we reported the results of the first quarter, obviously an unusual quarter due to the COVID-19 pandemic. Taking into consideration the huge impact that the pandemic has on everyday life and global economic activity in our businesses, Q1 has been satisfactory for the group. We have initiated a range of measures to adapt to the uncertain situation and at the same time continue to deliver fully functional services. In this context, I would highlight that our news media operations have played a tremendously important role during the crisis, providing users with balanced and trustworthy information. Financially, we have seen a negative impact on revenues during the last weeks of March, and April has developed similarly. For the quarter, our revenues, excluding the c...