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Q4 2020 Ossur hf Earnings Call Transcript
Hello, and welcome to the Ãssur Q4 Results 2020. Today, I'm pleased to present Mr. Jón Sigurdsson, President and CEO; Mr. Sölvason, CFO. (Operator Instructions) Speakers, please begin.
&
Yes. Thank you. Yes. And I would like to welcome you to the Ãssur investor conference call where we will cover the results for the fourth quarter and the full year of 2020. My name is Jón Sigurdsson, and I'm the President and CEO. And with me here today is Sveinn Sölvason, our CFO.
As said before, we will beginning by going through the highlights for the quarter followed by the highlights for the year and ending with our guidance for 2021. A question-and-answer session will then follow.
Sales in the fourth quarter are in line with the mid-range of our guidance announced in October. Sales in the fourth quarter of 2020 amounted to $170 million, which correspond to about 4% organic decline. We saw a continued sales recovery in October and November, but due to the
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