Andritz AG (OTCPK:ADRZY)
$ 12 0.09 (0.76%) Market Cap: 5.95 Bil Enterprise Value: 4.96 Bil PE Ratio: 10.80 PB Ratio: 2.70 GF Score: 90/100
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Half Year 2020 Andritz AG Earnings Call Transcript

Jul 31, 2020 / 06:30AM GMT
Release Date Price: $7.54
Operator

Dear ladies and gentlemen, welcome to the conference call of ANDRITZ AG.

At our customers' request, this conference will be recorded. (Operator Instructions)

May I now hand you over to Dr. Wolfgang Leitner, CEO, who will lead you through this conference. Please go ahead, sir.

Wolfgang Leitner
Andritz AG - President, CEO & Member of Executive Board

Thank you very much. Good morning, everybody. Welcome to our Q2 conference call in special times and under special circumstances, I assume, for all of you or most of you.

Before we go into the presentation, there's always a short general introduction for the second quarter. Overall, I think ANDRITZ has gone through and also managed this crisis reasonably well. Obviously, we had some challenging conditions globally, starting in China then moving to Europe and then moving to North America and especially also South America. Nevertheless, we achieved increase in sales, in operating results, in margin and also net income for this quarter.

Obviously, this was the result of very

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