Q3 2019 FILA Fabbrica Italiana Lapis ed Affini SpA Earnings Call Transcript

Nov 13, 2019 / NTS GMT
Massimo Candela - FILA Fabbrica Italiana Lapis ed Affini SpA - CEO

Good evening and welcome, everybody for the third quarter results. I think if I can say I'm happy to anticipate that the third quarter results are in line with the good improvement that we have shown already in the second quarter. And I think we all agree that 2019 had two main task to accomplish. Number one, to fix definitely all our operational issues after the big changes of 2017 and 2018, I think this task has been completely accomplished. And the second task is to demonstrate that once we have reached a good level of operational efficiency, we were able to generate cash. I think that also this task has been accomplished, I can say successfully. And both of these tasks are really -- the ground, [the keys] to it prepare the 2020.

2019, I think since the beginning, we have highlighted the priority to re-establish positive relationship with our customers, that we needed to regain trust. And I would say all the year has been managed with this a clear priority in mind. And despite we are a globalized business in this moment, the

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