Q1 2020 Fjordkraft Holding ASA Earnings Call Transcript
All right. Welcome, everyone, to Fjordkraft's First Quarter 2020 Results Presentation. My name is Morten Opdal, Head of Controlling and Investor Relations at Fjordkraft, and I will be guiding you through today's presentation.
Due to the current corona situation, this presentation will be an audiocast only. So if you have questions, please submit them through the audiocast web page.
The results presentation will be presented by CEO, Rolf Barmen; and acting CFO, Ole Johan Langenes. And we are starting off with Rolf Barmen.
Thank you, Morten. Welcome, everyone. It's a pleasure to once again announce strong numbers from Fjordkraft, 27% increase year-on-year in net revenue and 31% in EBIT adjusted on group level. We have enjoyed historically low elspot prices during the quarter, which affected our COGS positively. The solid growth in the number of Mobile subscriptions continues, with net adds this quarter exceeding
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