Q1 2021 Orexo AB Earnings Call Transcript
Hello, and welcome to the Orexo Interim Report Q1 2021. (Operator Instructions)
Today, I am pleased to present CEO, Nikolaj Sørensen. Please go ahead with your meeting.
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Thank you very much, and welcome to all of you who are dialing in and follow us on the Internet. Together with me today, I also have Joe DeFeo, who will address our financials a little later into the presentation.
So as a short introduction, the first quarter is always a more challenging quarter for Orexo than others because we have an expected seasonal effect in the U.S. so. This year, the seasonality was accentuated by the calendar, where we had less calendar days compared to Q4, but we even had less working days also compared to Q1 last year.
Just looking at how the calendar looked like, it actually has an even more dramatic impact as we were losing 2 shipping days, and Joe DeFeo will talk a little more about the impact from that as we proceed.
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