Q4 2019 Richelieu Hardware Ltd Earnings Call Transcript
Good afternoon, ladies and gentlemen, and welcome to Richelieu Hardware Fourth Quarter Results Conference Call. (Operator Instructions) Note that this call is being recorded on Thursday, January 23, 2020.
(foreign language)
(foreign language) Thank you. Good afternoon, ladies and gentlemen, and welcome to Richelieu's conference call for the fourth quarter and 12-month period ended November 30, 2019. With me is Antoine Auclair, CFO.
As usual, note that some of today's issue include forward-looking information, which is provided with the usual disclaimer as reported in our financial filings.
The fourth quarter benefited from the impact of our acquisitions completed in Canada during the year. This new acquisition has a good potential and they expand our reach in some specialized markets. Combined with our market development and innovation strategies, they contributed to generate sales growth of 2.4%, which is welcome, given the slowdown, especially in
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