Q1 2020 MIPS AB Earnings Call Transcript
Ladies and gentlemen, welcome to the MIPS Q1 Report 2020. Today, I'm pleased to present CEO, Max Strandwitz. (Operator Instructions)
Mr. Strandwitz, please begin.
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Yes. Good morning, everyone. My name is Max Strandwitz, and I am the CEO of MIPS. I will take you through the presentation of the Q1 interim report of 2020. And if we start on the first page and start with the key highlights. As you have seen in the report, we have a strong growth despite a very challenging quarter, with a net sales growth of 25%, 16% organic growth in the quarter. We did have very strong improvement in EBIT and also in cash flow. And I am very pleased with the way that we have navigated through this very challenging quarter. We do see continued high activity with more helmet projects than ever. We have now performed more than 30,000 tests. We have 2 new brands coming on board in the sports category.
During the quarter, we did also relocate 2 new office premises and
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