Harry Winston Diamond's CEO Discusses Q4 2012 Results - Earnings Call Transcript

Harry Winston Diamond (HWD)

Q4 2012 Earnings Call

April 05, 2012 8:30 am ET


Robert 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

Raymond N. Simpson - Executive Vice President

Mats Heimersson -


Des Kilalea - RBC Capital Markets, LLC, Research Division

Irene Nattel - RBC Capital Markets, LLC, Research Division

Oliver Chen - Citigroup Inc, Research Division

Seth Peterson - Berenberg Bank, Research Division

Brian MacArthur - UBS Investment Bank, Research Division



Good day, ladies and gentlemen, and welcome to the Harry Winston Diamond Corporation's Fiscal Year 2012 Fourth Quarter and Year-End Conference Call. My name is Chanel, and I'll be your conference coordinator for 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 actual 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.

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