Half Year 2020 Kapsch Trafficcom AG Earnings Call Transcript

Nov 20, 2019 / 01:30PM GMT
Operator

Ladies and gentlemen, thank you for standing by. I am Haley, your Chorus Call operator. Welcome and thank you for joining the Kapsch TrafficCom's First Half 2019-'20 Results Conference Call. (Operator Instructions) I would now like to turn the conference over to Mr. Georg Kapsch, Chief Executive Officer of Kapsch TrafficCom. Please go ahead.

Georg Kapsch - Kapsch TrafficCom AG - Chairman of Executive Board & CEO

Thank you very much. Ladies and gentlemen, good morning, good afternoon, wherever you are around the world. That's what I always say in the beginning of these kinds of conferences. Haley, welcome. Well, what we are presenting today is what we are, of course, not proud of, but there is a reason for it. And I would like to start with a kind of a strategic perspective concerning the company because I'm convinced that we are currently in a kind of a transition period, which, on the one hand side, causes huge investments in future technologies, new business models and transforming the enterprise towards a more service-oriented company.

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