Q1 2020 Uponor Oyj Earnings Presentation Transcript

Apr 29, 2020 / 11:00AM GMT
Presentation
Apr 29, 2020 / 11:00AM GMT

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Corporate Participants
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* Jyri Luomakoski
Uponor Oyj - President, CEO & MD
* Minna Yrjönmäki
Uponor Oyj - CFO

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Jyri Luomakoski - Uponor Oyj - President, CEO & MD

Good afternoon, and welcome to Uponor's First Quarter 2020 Result Briefing. My name is Jyri Luomakoski. I'm the President and CEO of Uponor. And with me on this webcast, or call, is Minna Yrjönmäki, our CFO, and she will be presenting the number part after my introduction.

As we wrote in the headline, moving to the next slide. The quarter had started -- or the year had started, for us, strong on Page 2. And this was also the message actually we gave on March 19 when we considered it to be prudent to withdraw our guidance for the current year due to the COVID-19 pandemic. In the quarter, our net sales were EUR 277.4 million. So organically, in constant currency terms, growth of a bit north of 11%, reported growth slightly bigger. And comparable operating

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