Q1 2021 Nederman Holding AB Earnings Call Transcript
Ladies and gentlemen, welcome to the Nederman Holding Audiocast Teleconference Q1 2021. Today, I'm pleased to present CEO Sven Kristensson; and CFO Matthew Cusick. (Operator Instructions)
I will now hand it over to the speakers. Please begin.
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Good morning, and welcome to Nederman's First Quarter Presentation.
We start to say that Nederman had a strong start to the year, though with a lot of vacations, a lot of sort of uncertain market in the beginning here. It started to gradually climb from mid-January up to end of March, and we've seen a recovery.
The positive outlook also that if we can have a continued recovery with the vaccine distribution and so on. And we see a more positive way of thinking, especially in China and in not to forget U.S. where a large portion are already vaccinated.
We have, for the first quarter, had organic growth in all divisions. Totally, we had close to 15% organic growth, though
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