Roche Holding AG (OTCPK:RHHVF)

$ 245.3 1.2 (0.49%) Market Cap: 200.64 Bil Enterprise Value: 223.02 Bil PE Ratio: 15.73 PB Ratio: 6.12 GF Score: 84/100

Half Year 2020 Roche Holding AG Earnings Call Transcript

Jul 23, 2020 / 11:00AM GMT

Release Date Price: $352 (-4.61%)

Transcript

Operator

Ladies and gentlemen, welcome to Roche Half Year Results 2020 Conference Call. I am Sandra, the Chorus Call operator. (Operator Instructions) And the conference is being recorded. (Operator Instructions) The conference must not be recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Mr. Severin Schwan, Chief Executive Officer. Please go ahead, sir.

Severin Schwan

Roche Holding AG - CEO & Executive Director

Thank you. Warm welcome to all of you joining us for our half year briefing.

Let me get right into the summary. As you have seen, we had really a significant impact of COVID-19 in the month of May, which was really due to the lockdown, the fact that patients couldn't see their doctors anymore. And hospitals were really focusing in on COVID-19. As a result of that, treatments were delayed. Routine diagnostics was delayed, and it shows up in our results.

The good news is that since June, sales have been strongly recovering, and we see this trend to continue into July. I should also point out

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