Q2 2023 Richelieu Hardware Ltd Earnings Call Transcript
Good afternoon, ladies and gentlemen, and welcome to Richelieu Hardware Second Quarter Results Conference Call. (Operator Instructions) This call is being recorded on July 6, 2023.
(foreign language)
Thank you, Mercy. Good afternoon, ladies and gentlemen, and welcome to Richelieu news conference call for the second quarter ended May 31st and first half of 2023. With me is Antoine Auclair, our 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.
In the second quarter, we achieved good results and ended the period with a strong position, building on our major strengths, namely our multi-access value-added service concept and our ongoing acquisition strategy. The comparison with the second quarter of 2022 shows a decrease in sales and earnings, but it should be remembered that the first half of 2022 was particularly favored by exceptional increases in a
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