Q1 2019 SEB SA Corporate Sales Call Transcript
Welcome to all. Welcome to this Q1 earnings release. You presumably have received our presentation, so built along the same lines as usual, so I'll skip the agenda that you have on Page 3 and jump right into Page 5 and the overview, the highlights of our performance over Q1.
We're starting the year strong, as you can see here with the very robust like-for-like sales growth at 8.5% and with a little bit of tailwind on FX and a few acquisition impacts, we will report -- we are reporting 10.4% sales growth. ROPA was EUR 138 million, up 12%. That includes a negative FX impact of EUR 7 million, positive impact from our acquisitions, Wilbur Curtis, that was consolidated -- that has been consolidated starting at the beginning of February. And our -- the expansion of our Egypt JV, those 2 for EUR 3 million in ROPA as well as an IFRS 16 implementation impact in ROPA of EUR 2 million favorable. So all these included in the EUR 138 million ROPA for Q1.
Debt stands at EUR 2.214 billion, up EUR 636 million versus 2018 year-end, including in particular
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