Q1 2021 TCM Group A/S Earnings Call Transcript

Mar 07, 2024

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May 19, 2021 / 07:30AM GMT
Operator

Good day, and thank you for standing by. Welcome to the TCM Group Interim Q1 2021 Report. (Operator Instructions) Please be advised today's conference is being recorded. (Operator Instructions) I'd now like to hand the conference over to your CEO, Torben Paulin. Please go ahead.

Torben Paulin - TCM Group A/S-CEO

Thank you. Good morning, ladies and gentlemen, and welcome to the presentation of the Q1 results for TCM Group. Presenters today are our CFO, Mogens ElbrÃ¸nd Pedersen, and myself, CFO -- CEO, Torben Paulin. We will comment on the business and the financial results, after which, we will hand over to the operator for the Q&A session.

Let us start the presentation and turn to Page 2 for the business update. We had a good start in Q1 with organic growth of 13%. Revenue increased by 10.6%, which included a technical negative impact from the divestment of the Svane store in Copenhagen. The highest growth rates was achieved within our DIY segment, Nettoline and our e-commerce platform, kitchn.dk and within revenue

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