Q3 2020 Clas Ohlson AB Earnings Call Transcript
Hello, and welcome to the Clas Ohlson Q3 2019/2020 Report. (Operator Instructions) Just to remind you, this conference call is being recorded. Today, I am pleased to present CEO, Lotta Lyrå; and CFO, Pär Christiansen. Please go ahead with your meeting.
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Thank you. Good morning, everyone. This is Lotta Lyrå speaking. I will do this presentation regarding Q3 '19/'20, together with our CFO, Pär Christiansen.
Turning to Page 2. This is a quarter with improved profitability, all according to our plan and as a result of the action program we have been pursuing during the latest 18 months. During the quarter, with the organic growth, although fewer stores in our Nordic home market, we see improved underlying and reported profit margin. We continue to have high speed in both growth and cost-saving initiatives, and we focus a lot on maximizing the synergies between our channels and different offerings. So far, we see no material impact due to the
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