Q3 2020 Elis SA Corporate Sales Call Transcript

Oct 22, 2020 / 04:00PM GMT

Release Date Price: €10.81 (+0.93%)

Transcript

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Elis Q3 2020 Revenue Presentation.

(Operator Instructions)

I must advise you the conference is being recorded today. I would now like to hand the conference over to your speaker today, Xavier MartirÃ©, CEO. Please go ahead, sir.

Xavier MartirÃ;Elis SA;Chairman of the Management Board;CEO

©,-&

Good afternoon, everyone. Welcome to our Q3 revenue conference call, which is also webcasted. After an overview of the Q3 business highlights, Louis Guyot, CFO, will join me for the Q&A session. So let me start with the highlights of our Q3 revenue performance. After the minus 26.7% organic decrease in Q2, we recorded minus 10.6% in Q3 marking a significant sequential improvement. Our Healthcare, Industry and Trade & Services businesses which combined represented 75% of 2019 revenue has come back to normal level of activities. The remaining 25% corresponding to hospitality, remain under pressure in Q3 due to the very sharp drop in

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