Q1 2020 Scandinavian Tobacco Group A/S Earnings Call Transcript
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Good morning and welcome to Scandinavian Tobacco Group's First Quarter 2020 Webcast and Conference Call. My name is Niels Frederiksen, the CEO of the company. And with me today, I have as usual our CFO, Marianne Rørslev Bock; and our Head of Investor Relations, Torben Sand.
Please turn to Slide #2. The agenda for this conference call covers the key highlights for the first quarter of the year; an update on key events, including an update on the COVID-19; and the integration of Agio Cigars; an update on the performance in our 4 divisions; key financial developments for the quarter; before we will conclude the call with an updated guidance for 2020 and the usual Q&A session.
Before I start, I'll ask you to have attention to our disclaimer on forward-looking statements. The complete disclaimer can be found in the appendix to this presentation.
So please turn to Slide #3. Without any doubt, events during the first 4 months of the year
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