GB Corp (CAI:GBCO)
E£ 14.6 0.38 (2.67%) Market Cap: 15.85 Bil Enterprise Value: 28.83 Bil PE Ratio: 6.99 PB Ratio: 0.68 GF Score: 56/100
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Q3 2020 GB Auto SAE Earnings Call Transcript

Nov 17, 2020 / 01:00PM GMT
Release Date Price: E£3.31 (+1.85%)
Operator

Good morning, good afternoon, ladies and gentlemen. Thank you for joining our 3Q 9M '20 results presentation conference call. From GB Auto, we have Mr. Nader Ghabbour, Deputy CEO presenting 3Q 9M '20 results. I will hand over to Mr. Nader for his presentation. Then we will have a Q&A session. Mr. Nader?

Nader Ghabbour
GB Auto S.A.E. - Deputy CEO

Thank you, operator. Good afternoon, ladies and gentlemen, and thank you for joining our results call for the third quarter of 2020. I will begin today's discussion with an overview of the group's performance before opening the floor to your questions.

Our results for the third quarter showcase an encouraging recovery across our markets. The pace at which conditions normalized following the lifting of the restrictions and the strength and demand pickup have, in fact, exceeded our most bullish expectations.

Volumes across our lines of businesses have taken a turn and continue to grow, driving strong topline growth of 53.9% quarter on quarter to EGP6.2 billion. Meanwhile, our improved pricing and

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