Q1 2020 Sats ASA Earnings Call Transcript
Good morning, everyone, and welcome to SATS first quarter presentation. We hope you are all doing well and staying healthy. We are presenting today from our office here in Nydalsveien in Norway. My name is Sondre Gravir, the CEO of SATS. And together with me, I also have Cecilie Elde, our CFO, who will run through the financials.
This quarter is, to a large extent, characterized by COVID-19 and the closure of clubs specifically. We will have a Q&A session towards the end of the presentation, and you can post questions online during the presentation through the webcast interface.
But before we dive into the numbers, I would like to remind us all on what is the core of SATS, our vision and our guiding star, and that is to make people healthier and happier. This is the motivation and passion for all of our 10,000 employees when they go to work every day. And public health is now more important than ever. On a normal day during the winter last year, our members did more than 170,000 training sessions in our clubs daily. When all our clubs were closed this
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