ElringKlinger AG (OTCPK:ELLRY)

$ 2.17 0 (0%) Market Cap: 274.98 Mil Enterprise Value: 323.47 Mil PE Ratio: 0 PB Ratio: 0.32 GF Score: 60/100

Q3 2019 Elringklinger AG Earnings Call Transcript

Mar 30, 2020 / 12:30PM GMT

Transcript

Stefan Wolf

ElringKlinger AG - Chairman of the Management Board & CEO

Ladies and gentlemen, I warmly welcome you to our analyst conference on the fiscal year 2019. This is really an extraordinary form of this conference as it was originally planned as an event with presence in Frankfurt, like all the previous years when we met there at Commerzbank. But the coronavirus has a firm grip on all of us. It has spread all over the world, and it seems that we currently do not have any other measure to counteract than prevention.

Well, governments around the world have enacted corona-specific rules of conduct and implemented measures to minimize personal contact between people. In Germany, we have even had a TV addressed by our Chancellor, Mrs. Merkel, which was the first one in her 15 years term of office. She alarmed German people to strictly comply with the official regulations in order to contain and to slow down the spread of the coronavirus. The implemented measures by the government is far-reaching -- are far reaching. We will see a severe impact on global economy. The lockdown of public life

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