Q1 2022 Richelieu Hardware Ltd Earnings Call Transcript
Good afternoon, ladies and gentlemen, and welcome to Richelieu Hardware First Quarter Results Conference Call. (Operator Instructions)
Also note that the call is being recorded on April 7, 2022. (foreign language)
(foreign language) Thank you. Good afternoon, ladies and gentlemen, and welcome to Richelieu's conference call for the first quarter ended February 28, 2022. With me is Antoine Auclair, CFO. Richelieu started 2022 on a very positive track as shown by the organic growth and expansion through acquisitions in the first quarter. The financial performance of the quarter is all the more significant since the first 3 months of the year are historically our weakest. Driven by our strong network of interconnected center, our innovation and value-added service strategies, the input of our acquisition and our market penetration initiatives, we have seen the opportunities of our diversified market. Our results are quite satisfactory, with an increase of 29.2% in sales from
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