Q2 2020 Sats ASA Earnings Call Transcript
Good morning, and welcome to SATS Second Quarter Presentation. I hope you are all doing well. It's the middle of July. So I assume many of you are following this presentation remotely from a holiday destination. So thank you for taking the time to listen in.
We are presenting from our office in Nydalsveien in Norway. My name is Sondre Gravir, the CEO of SATS. And together with me here today, I also have Cecilie Elde, our CFO.
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.
The second quarter have been significantly affected by COVID-19, as you will see in our presentation today. And I would like to start off by summarizing the situation for SATS as we, as management, see it today.
We estimate the COVID-19-related revenue loss in Q2 to be NOK 520 million and the EBITDA loss to be NOK 270 million compared to Q2 expectations without COVID-19.
Net profit in the quarter ended at negative NOK 114 million. And we ended the
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