Q2 2020 Cargotec Corp Earnings Call Transcript
Welcome to this news conference regarding Cargotec's Half Year Report 2020. My name is Hanna-Maria Heikkinen, and I'm in charge of Investor Relations.
Our business environment during Q2 was exceptional due to COVID-19 and related decisions and restrictions from authorities. Despite of those, our performance was solid. Both demand and our own delivery capability improved during the quarter. Good news is that our service and software was also resilient. We reacted rapidly to the crisis and started temporary cost savings and our rapid actions are visible in our comparable operating profit. We have strong financial position, and our total liquidity is EUR 970 million. In May, we also announced our climate ambition to be 1.5-degree company.
Today, our CEO, Mika Vehviläinen, will go through the highlights and COVID-19 situation; and then our CFO, Mikko Puolakka, will continue with the business areas, financials and outlook. Mika will end the presentation with strategic progress and climate ambition. And after the
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