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Beiersdorf Aktiengesellschaft (BDRFF) CEO Stefan De Loecker on Q1 2020 Results - Earnings Call Transcript

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Beiersdorf Aktiengesellschaft (OTCPK:BDRFF) Q1 2020 Earnings Conference Call May 5, 2020 3:00 AM ET

Company Participants

Jens Geissler - Head of IR and Corporate Treasurer

Stefan De Loecker - CEO

Dessi Temperley - Group CFO

Norman Goldberg - CEO of Tesa

Conference Call Participants

Richard Taylor - Morgan Stanley

Celine Pannuti - JPMorgan

Iain Simpson - Barclays Capital

Gian Marco - MainFirst Bank AG

John Ennis - Goldman Sachs

Jeff Stent - Exane

David Hayes - Société Générale

Chris Pitcher - Redburn Partners

Charles Eden - UBS


Good morning, everyone. I would like to welcome you to Beiersdorf's First Quarter Conference Call. This is Jens Geissler, and here with me in our Hamburg offices is our CEO, Stefan De Loecker; and our CFO, Dessi Temperley. We would like to share with you Beiersdorf's business results of the first three months of 2020. The main sales figures were already pre-released on April the 2nd. We will start as always with a brief presentation, which you can access through the link in your invitation. When you register for the Q&A, please remember that there is a limit of two questions per caller.

And with that, I will now hand over to Stefan De Loecker.

Stefan De Loecker

Thank you, Jens, and good morning, ladies and gentlemen. I'd also like to welcome you to today's conference call. Toady, we will report on a quarter, which was under very special circumstances in view of the current corona pandemic.

It was shaped by the beginnings and the subsequent spread of the coronavirus, which has changed and impacted the lives of society, consumers, and our business. From the very beginning, we focused on three things. First, protecting the health and safety of every employee around the world remains our highest priority; secondly, safeguarding and successfully continuing our business by adapting our offer to the

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