Q2 2020 Wartsila Oyj Abp Earnings Call Transcript

Jul 17, 2020 / 07:00AM GMT
Jaakko Eskola - ¤rtsiläOyj Abp-CEO - President & Member of Board of Management

Good morning, everybody, and welcome to Wärtsilä Corporation Half Year Report 2020. And I'm really sorry for this delay. We had some minor technical problems. I'm also joined -- I'm personally myself here in Helsinki Campus in Wärtsilä offices with Atte Palomaki and -- but I'm also joined by the whole Board through the lines and with the Head of IR, Natalia Valtasaari.

As before, I have a short presentation, and then we have the possibility to talk about the numbers and issues with Q&A. I'll start with the short key messages from the half year report, and the second -- first of all, the second quarter was unsurprisingly difficult for Wärtsilä as the negative impact of COVID-19 on both our demand environment and our financial performance increased. This was especially visible in services with a lower utilization of installations and customer focus on conserving cash, affected spare part consumption, field service activities and agreement

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