Georg Fischer AG (OTCPK:FCHRF)

Half Year 2021 Georg Fischer AG Earnings Call Transcript

Jul 21, 2021 / 08:00AM GMT

Release Date Price: $18.9

Transcript

Operator

Ladies and gentlemen, welcome to the Georg Fischer Mid-Year Results 2021 Conference Call and Live Webcast. I am Paolo, the Chorus Call operator. (Operator Instructions) The conference is being recorded. (Operator Instructions) At this time, it's my pleasure to hand over to Andreas MÃ¼ller, CEO; and Mads Joergensen, CFO. Please go ahead, gentlemen.

Andreas MÃ¼ller

Georg Fischer AG - CEO, President & Head of Corporate Development

Welcome, and thank you for joining our half year results conference call. Present on our side are: CFO, Mads Joergensen; Head of Investors Relations and Sustainability, Daniel BÃ¶siger; Head of Corporate Communications, Beat RÃ¶mer; and myself, Andreas MÃ¼ller.

Slide 2. In the first semester of 2021, GF has recorded a strong performance and was able to accelerate growth. Most of GF's key markets recovered amidst the ongoing COVID-19 pandemic and the challenging macroeconomic environment. Sales strongly increased by 20% organically compared with the first half of 2020 and came in at CHF 1.835 billion. All three divisions

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