Wimm-Bill-Dann Foods OJSC (WBD)
Q1 2010 Earnings Call
June 3, 2010 9:00 AM ET
Marina Kagan – Head, Public Affairs
Tony Maher – Chairman and Chief Executive Officer
Dmitry Vladimirovich Ivanov – Chief Financial Officer
Natasha Zagvozdina – Renaissance Capital
Daniel Wakerly – Morgan Stanley
Elena Mills – Alfa Bank
Victoria Sokolova – Troika Dialog Group
Victoria Petrova – Credit Suisse
Odile Broussy – Aton Capital
Tigran Hovhannisyan – MDM Bank
Good morning. My name is Andrea, and I will be your conference operator today. At this time, I would like to welcome everyone to the Wimm-Bill-Dann Q1 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. (Operator Instructions)
Thank you. Ms. Marina Kagan, you may begin.
Hello, ladies and gentlemen. And thank you for joining us to discuss the financial results of Wimm-Bill-Dann for the first quarter of 2010. As always, after our presentation, we will be happy to take your questions.
Before I hand the call over to our Chief Executive Officer, Tony Maher, I would ask that you please refer to the cautionary statements included in the press release covering any comments made during this conference call. Tony?
Thanks Marina. Good afternoon to those of you joining us from Russia and Europe, and good morning to our participants from U.S. The first quarter was defined by three important themes, broad base growing demand, market share gains across nearly our entire portfolio, and raw milk prices.
On the first point, volumes were up across all of our segments, testing that we are seeing demand growth driven by improved consumer sentiment. This significant change from what we have seen over the past number of quarters.