Q2 2020 Lifco AB (publ) Earnings Call Transcript
Hello, and welcome to the Lifco Q2 Report 2020. (Operator Instructions) Just to remind you, this conference call is being recorded.
Today, I am pleased to present Per Waldemarson, CEO. Please go ahead with your meeting.
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Thank you very much, and welcome, everyone. I would like to go directly into Page #2 and just give a high level overview of the second quarter of 2020. And to summarize this quarter, it's been a very challenging quarter for us. It started out with April, where many of our companies were affected by the lockdowns in the EU -- around Europe, and especially in the dental area, and also that led to an organic decline in the group in the quarter of 18% in sales. And this obviously relates mainly to our dental area, where a lot of dentists and a lot of patients were canceling appointments during April and May. But also, we had a weak organic development in our Demolition & Tools area, and I will come back to that a bit later here.
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