Q2 2022 XXL ASA Earnings Call Transcript

Jul 15, 2022 / 06:30AM GMT
Tolle O. R. Groterud - XXL ASA - Executive VP of HR, Communications & Sustainability

Good morning, ladies and gentlemen, and welcome to the second quarter and the first half year results presentation. My name is Tolle Groterud, and I have the pleasure of guiding you through today's presentation. And our CEO, Pal Wibe; and our CFO, Stein Eriksen, will take you through the results and the key drivers followed by a Q&A session. And for media, there will be an opportunity to perform separate interviews after the presentation. So please direct your request to our press contact.

So without further introductions, I turn the floor to you, Pal.

Pal Wibe - XXL ASA - Group CEO

Thank you, Tolle. And yes, welcome to the quarter 2 presentation. And obviously, it's been a challenging quarter, as you have -- we have previously announced, with a very sharp deceleration of the demand in the market that has obviously created a situation with too many products in the market, pressure on prices, increased campaign activity at least short term. But I think that at

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