Q4 2020 Stockmann Oyj Abp Earnings Presentation Transcript
Good morning, and welcome to our 2020 release of our annual accounts. With me today presenting is our CEO for Lindex, Susanne Ehnbåge; and our CFO, Pekka Vähähyyppä. Also for the Q&A part, our Chairman of the Board, Lauri Ratia, is able to give you answers if related to Lauri.
As released today, our full-year 2020, what has been a challenging year. COVID-19 has had a big impact on our operations. Despite the revenue decline, we've been able to keep our gross margin at the previous year's level. Also, the group's adjusted operating result was positive, close to EUR5 million. And most important is our cash balance of EUR152.3 million at the end of December last year.
We did earlier this year,
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