Q2 2022 FILA Fabbrica Italiana Lapis ed Affini SpA Earnings Call Transcript

Aug 04, 2022 / NTS GMT
Massimo Candela - FILA Fabbrica Italiana Lapis ed Affini SpA - CEO

Good afternoon, everyone, and welcome to our results presentation. I think that I am happy to talk about the positive semester. And we're in a complicated environment. There are multiple topics that have characterized the 2022. We have an unusual strong inflation that will continue -- be part of our business environment. We have, fortunately, experienced the very start of the normal business in India and Mexico that have shown us very stronger trend in terms of recovery and very positive mood for the coming years, as these economies are definitely less impacted by the Russia-Ukraine situation.

We have experienced the normal good level of school business all around the world after -- with the difficulties of COVID. We are experiencing [fine art] after the beginning of the year, which we have seen a substantial [restocking]. We see now the business going back to normal level of interest and activity. We have recorded, compared to 2019, in the first semester in a way, a stronger level of turnover in the area of plus 7%, which is still

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