Half Year 2020 Kudelski SA Earnings Call Transcript

Aug 20, 2020 / 12:00PM GMT
Operator

Ladies and gentlemen, welcome to the Kudelski Group Half Year Results 2020 Conference Call and Live Webcast. I am Sandra, the Chorus Call operator. (Operator Instructions)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 André Kudelski. Please go ahead.

AndréKudelski - Kudelski SA - Chairman, CEO, President & Member of Executive Board

Thank you. Good afternoon, ladies and gentlemen. It's a real pleasure to present to you today the first half 2020 results. And I will just start by a short introduction with key highlights. First element is, if we take the key points, the total revenue and other operating income are at USD 320.1 million. One of the key points of this first half is the operating free cash flow is at USD 37.7 million. We must recognize that the COVID-19 global pandemic affected the group first half results, mainly due to project delay and cancellation of orders. Measures taken to mitigate the COVID

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