Q2 2020 Ossur hf Earnings Call Transcript
Ladies and gentlemen, welcome to the Ãssur Q2 Results 2020. Today, I'm pleased to present Mr. Jón Sigurdsson, President and CEO.
(Operator Instructions) Speaker, please begin.
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Yes. Thank you. I would like to welcome you to the Ãssur Investor Conference Call where we will cover the result for the second quarter of 2020. My name is Jón Sigurdsson, and I'm the President and CEO. And with me here today is Sveinn Sölvason, our CFO. We will begin by going through the highlights for the quarter and the financial results, after which a question-and-answer session will follow.
Financial performance has been significantly impacted by the COVID-19 pandemic. Sales were negatively impacted in many of Ãssur's main markets due to social distancing and other measures that were implemented by local authorities in relation to the COVID-19 pandemic. Sales in the second quarter of 2020, therefore, amounted to $135 million, which corresponds to a 25% organic decline
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