Q3 2020 Alimak Group AB (publ) Earnings Call Transcript

Oct 22, 2020 / 08:00AM GMT

Release Date Price: kr87.53 (-7.26%)

Transcript

Operator

Ladies and gentlemen, welcome to the Alimak Group interim report for January through to September of 2020. (Operator Instructions)

Today, I am pleased to present Ole Kristian Jodahl, CEO; and Tobias Lindquist, CFO. Speakers, please begin your meeting.

Ole Kristian Jodahl;publ;President

Alimak Group AB;CEO & Director

()- -

Thank you, and welcome to the quarter 3 presentation of Alimak Group. And as you said, with me today, I have our CFO, Tobias Lindquist.

Next page. We will cover, of course, our quarter 3 results, and then we will do a short recap of the New Heights program before we briefly sum up the quarter and move to Q&A.

Next page, please. We saw continued significant impact from COVID-19 on our performance in the quarter, and customers are still delaying investments, and we are still facing restrictions and limitations to access customer sites. We have a high exposure to U.S., which accounted for 26% of our revenues in 2019 and where we saw now a very weak market in quarter 3.

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