First Quarter Conference Call May 9, 2013 - Dorel Industries

FINAL TRANSCRIPT
May 9, 2013 – 01:00 p.m. E.T.
Dorel Industries First Quarter Results
Anthony Zicha – Analyst, Scotiabank
Hi, good afternoon. Martin, can you provide some colour on the weakness in Juvenile,
maybe from the perspective of America? Like is there anything different, or have you seen or
experienced any change in the competitive landscape?
Jeffrey Schwartz
Yes. I mean, it has been weak. I mean, we have to remember, if you go back to January,
you had the tax refund issue in the United States where consumers weren't spending in January. So
I'd say the overall market tends to be weak. We do have some of our competitors that are definitely
gaining ground; others are losing ground. So I mean, that's certainly the case.
You know, we haven't really gained any ground up until right now. But as Martin
mentioned, we've introduced kind of a long‐awaited car seat just this week, hope to see it do well,
and we have a lot of introductions scheduled for shipping at the… in Q4. So I think that's going to be
the time that we see… We're talking about the US here.
Anthony Zicha
Mm‐hmm.
Jeffrey Schwartz
That's when we're going to see kind of a… hopefully a growth in the US.
Anthony Zicha
Okay. So you wouldn't expect much of a rebound in Q2, then?
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