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TheStreet Open House

Harry Winston Diamond Management Discusses Q1 2013 Results - Earnings Call Transcript

Stocks in this article: HWD

Harry Winston Diamond (HWD)

Q1 2013 Earnings Call

June 07, 2012 8:30 am ET

Executives

Robert A. Gannicott - Chairman and Chief Executive Officer

Cyrille Baudet - Group Chief Financial Officer

Frederic de Narp - Chief Executive Officer of Harry Winston Inc and President of Harry Winston Inc

Laura Kiernan - Director of Investor Relations

Analysts

Irene Nattel - RBC Capital Markets, LLC, Research Division

Oliver Chen - Citigroup Inc, Research Division

John Hughes - Desjardins Securities Inc., Research Division

Brian MacArthur - UBS Investment Bank, Research Division

Tanya M. Jakusconek - Scotiabank Global Banking and Market, Research Division

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Harry Winston Diamond Corporation's Fiscal Year 2013 First Quarter Conference Call. My name is Janeda, and I will be your conference coordinator today. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes.

Please note that we will be making some forward-looking comments today. Various factors and assumptions were applied in deriving these comments, and actual results could differ materially. The principal factors and assumptions that were applied and risks that could cause our results to differ materially from our current expectations are detailed in our filings with Canadian and United States securities regulatory authorities and can be found at www.sedar.com and www.sec.gov.

During today's call, we will also be discussing certain non-GAAP financial measures such as EBITDA. EBITDA does not have a standardized meaning according to GAAP, and Harry Winston defines it as sale minus cost of sales in selling, general and administrative expenses. Please see the press release and the MD&A we filed yesterday for further information about this non-GAAP measure. I would now like to turn the presentation over to your host for today's call, your Chairman and CEO, Mr. Robert Gannicott. Please proceed.

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