Half Year 2021 Momentum Group AB Earnings Call Transcript
Ladies and gentlemen, welcome to Momentum Group AB's Q2 Report for 2020. Today, I am pleased to present Ulf Lilius, Niklas Enmark and Clein Ullenvik. (Operator Instructions)
I will now hand over to the speakers. Please begin.
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Thank you. First, I would like to say welcome to our web meeting presenting our interim report for our first 6 months, together with my colleagues, Niklas and Clein.
If we move to Slide 4, I will give you some highlights from the report. The COVID-19 pandemic have had a continued effect on the group's operations during the second quarter, together with weak summer months. The group sales in July was down 14%; in August, 11%; and in September, minus 7%. So it's recovered gradually during the quarter. Actions have been taken to mitigate the negative effects of lower demand in both business areas, where business area Components & Services managed to maintain a stable profit development during the period.
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