Iochpe-Maxion SA (BSP:MYPK3)
R$ 11.73 0.33 (2.89%) Market Cap: 1.76 Bil Enterprise Value: 5.63 Bil PE Ratio: 9.05 PB Ratio: 0.42 GF Score: 81/100
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Q1 2020 Iochpe Maxion SA Earnings Call Transcript

May 15, 2020 / 06:00PM GMT
Release Date Price: R$11.5 (-2.21%)
Marcos S. de Oliveira
Iochpe-Maxion S.A. - CEO & Member of Executive Board

Good afternoon, and welcome to our first quarter conference call. I will follow the slides made available in the presentation on our website. During these unprecedented times, we are leading a complex period of uncertainty and low visibility, both from an economic and automotive demand points of view. With 32 plants in 14 different countries, we have been following the COVID-19 crisis since its beginning in China.

Following health protocols established by the Chinese government, and prioritizing the safety of our employees, our plant in Nantong was one of the first factories to resume production after the holiday celebrating Chinese New Year. We have been following the evolution of the pandemic and the impacts on restrictions to mobility initially in Asia and later in Europe and other continents. And we felt a more evident drop in demand and production during the second half of March.

Since the beginning, health and safety of our employees has been the priority. And in addition to following the protocols

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