Q2 2020 B2holding ASA Earnings Call Transcript
Good morning and welcome to the Q2 presentation for B2Holding. Obviously, COVID-19 has been a dominant factor in the second quarter. As previously stated, our focus in the quarter has been the health and safety of our employees, and at the same time, being able to maintain a high activity level. We have achieved both. The response to COVID-19 throughout the organization has been nothing but impressive. I'm humbled by the effort shown by our employees, and I'm very grateful for the flexibility we have seen for them in a challenging period.
Key figures to Q2 2020. Gross cash collections, including JVs, was close to NOK 1.3 billion in the quarter. Of this, 30 -- 25% was secured, which was higher than anticipated. Also included in -- and gross cash collection includes NOK 76 million from JVs and is approximately 5% of the collections. We observed large variation in how operation across Europe were affected by COVID-19. The differences in closure of the bailiff and court systems vary to a large degree between the countries. We observed little impact in
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