Demant A/S (WILLF) CEO Søren Nielsen on Q4 2020 Results - Earnings Call Transcript

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Call Start: 14:00 January 1, 0000 3:09 PM ET

Demant A/S (OTCPK:WILLF)
Q4 2020 Earnings Conference Call
February 9, 2021 14:00 ET

Company Participants

Mathias Møller - Director, Head of Investor Relations
Søren Nielsen - President & Chief Executive Officer
René Schneider - Chief Financial Officer
Christian Lange - Investor Relations Officer

Conference Call Participants

Patrick Wood - Bank of America
Michael Jungling - Morgan Stanley
Maja Pataki - Kepler Cheuvreux
Christian Ryom - Nordea Markets
Niels Leth - Carnegie
Kit Lee - Jefferies
Veronika Dubajova - Goldman Sachs
Oliver Metzger - Commerzbank
Annette Lykke - Handelsbanken
Thomas Jones - Berenberg

Mathias Møller

Good afternoon, everyone. Welcome to our conference call, which we hold in connection with the release of our Annual Report for 2020 earlier today. We plan for the call to last an hour, including the Q&A session. As always, we are also represented by President & CEO Søren Nielsen; CFO, René Schneider, as well as by the IR team, Christian Lange and myself, Mathias Møller. Before we go to Q&A, we'll be going through a presentation of our results for 2020, outlook for 2021. So I hope you all have it on your screen. If not, you can find it on our website, it should be there now.

With this, very happy to leave it to you, Søren.

Søren Nielsen

Thank you very much Mathias and welcome everybody to this call. We have an agenda for today, where we'll take you through the highlights and talk a little bit about the different businesses and then, of course, give an update on recent development, as well as the outlook for 2021. René will in between give you a deeper dive into the financials.

First thing to mention, which I'm sure you have all noticed, is changing to reporting structure. We have

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