Q2 2020 Bang & Olufsen A/S Guidance Call Transcript
Ladies and gentlemen, welcome to the Bang & Olufsen Financial Statements. (Operator Instructions) Today, I'm pleased to present CEO, Kristian Teär. Speakers, please begin.
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Good morning, everyone, and thank you for joining the call today. My name is Kristian Teär, and I'm the new CEO of Bang & Olufsen. Today, I also have our CFO, Nikolaj Wendelboe, with me on the call. As you know, last night, we adjusted our financial outlook for the full year based on the estimated financial results for the second quarter and after reassessing our estimates for the remainder of the financial year. This morning, I will go through the main reasons behind the outlook adjustment. And after that, we will open up for questions. Please note that we will still publish our financial report covering the first 6 months of the year as planned on January 14, 2020, where we will also host a webcast, we will go into greater detail on
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