Q2 2020 TKH Group NV Earnings Call Transcript
Good morning to everyone here in Amsterdam. We have a small audience here in Amsterdam, who dare to come over here to the TKH presentation of the half year results. Also a warm welcome to everyone in the webcast. I hope you will enjoy what we present.
We released this morning our press release, and we can see that we did a little bit better than that we forecasted on the 18th of June. So the month of June was, in the end, a little bit better than that we expected. Of course, there is a quite substantial impact of COVID-19 on the activities of TKH. We will come back to that in a few slides. And yes, if we look then at the result, we saw a decline of around 11% and mainly driven by the organic growth, which was negative. And so an impact of about 10% in total turnover, including the divestments. And besides that, we also had some acquisitions that came in last year but not yet accounted into the turnover. Organically, 7.5% decline. And it's, yes, a little bit a mix picture that you get.
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