Q1 2019 Tcm Group A/S Earnings Call Transcript
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Good morning, ladies and gentlemen. I would like to welcome you all here to TCM's Presentation of our Q1 Report for 2019.
With me this morning, I have our CFO, Mogens Elbrond Pedersen, and together, we'll try to walk you through the financial results of which afterwards, we will be handing over to the operator for a Q&A session.
Please turn to Page #2. First quarter of 2019 was a very strong one. The revenue growth in the quarter of -- first quarter of 17%, and this growth was purely organic growth. Revenue for the quarter was DKK 250 million compared to Q1 last year at DKK 214 million. The adjusted EBIT increased by 16% to DKK 33 million corresponding to an EBIT margin at 13.2%, which is on par with Q1 last year. The net working capital ratio was slightly lower than last year, with minus 7.3% compared to minus 7.9% last year, and our cash conversion is still strong at a level around 100%.
With this, please turn to Page #3, for the business update for the first quarter. The Danish market continues to
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