Q1 2021 Addtech AB Earnings Call Transcript
Ladies and gentlemen, welcome to the Addtech Interim Report 1 April to 30th of June 2020 webcast.
Today, I am pleased to present Niklas Stenberg, President and CEO; and Malin Enarson, CFO.
(Operator Instructions) I will now hand you over to Niklas Stenberg. Please go ahead.
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Yes. Hello, everyone, and welcome. Sorry for short delay. It was some technical issues in the webcast. Anyway, let's start up.
Let's see, I hope the pictures are moving also for you. First, some highlights from the quarter. I must say that when we entered the quarter, we were very cautious about how it would be, both due to corona and also, we had very strong comparisons from last year. So I'm very pleased that we managed to end the quarter a little bit brighter than we feared.
Net sales fell less than expected, about 4%. And also, we were able to defend the strong EBITA margin. And that is, of course, a good proof on our ability to quickly adapt to
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