Q2 2020 Clas Ohlson AB Earnings Call Transcript
Hello, and welcome to the Clas Ohlson Second Quarter 2019/2020 Report. (Operator Instructions) And just to remind you, this is being recorded.
So today, I'm pleased to present CEO, Lotta Lyrå; and CFO, Pär Christiansen. Please go ahead.
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Thank you. Good morning, and welcome to this presentation of the Q2 results '19/'20 for Clas Ohlson. My name is Lotta Lyrå, and I'm the CEO; and I will do this presentation together with Pär Christiansen, our CFO.
Going to Page 2. This is a quarter with organic growth and improved profitability in what we see as challenging Nordic home market conditions. We have, during the quarter, done a major upgrade of our e-com platform. We have also taken steps with our action program, Clas Ohlson 100+, and implementation is on track. We see, in this report, positive effects from the implemented activities. And we have high speed in both growth and cost-saving initiatives. Also, the closure of stores in U.K.
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