Q1 2022 XXL ASA Earnings Call Transcript
Good morning, ladies and gentlemen, and welcome to the first quarter results presentation. My name is Tolle Groterud, and I have the pleasure of guiding you through today's presentation. And our CEO, Pal Wibe; and our CFO, Stein Eriksen, will take you through the results and key drivers, followed then by a Q&A session. And for media, there will be an opportunity to perform separate interviews after the presentation. So please direct your request through the press contact.
So without further introductions, I turn the floor over to you, Pal.
Thank you, Tolle. So to try to summarize Q1 in a few words. I think that if you look upon Q1 in isolation, it was a challenging quarter, obviously. But if you look a little bit broader on it, you might remember that Q4 was quite good with favorable winter conditions. So if you look at the winter as a total from end of October to early March, it was actually quite close in terms of sales to last
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