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

Q1 2020 Elringklinger AG Earnings Call Transcript

May 07, 2020 / 12:00PM GMT

Transcript

Operator

Good day and welcome to the ElringKlinger Group Analyst Conference Q1 2020. Today's conference is being recorded.

And at this time, I would like to turn the conference over to Dr. Stefan Wolf, CEO. Please go ahead, sir.

Stefan Wolf

ElringKlinger AG - Chairman of the Management Board & CEO

Well, thank you very much. Ladies and gentlemen, welcome to our conference call on the Q1 figures 2020. Let me just go shortly through the agenda. It's as follows: I will start with the most important headlines of the first quarter. Then Thomas Jessulat, our CFO, will present the financial figures of Q1. Afterwards, I will close with the outlook of fiscal year 2020. And at the end, you will, of course, have, as usual, the opportunity to ask questions.

Well, let me start, first of all, with the highlights Q1 2020. I want to point out some of those highlights for the first quarter 2020, which have already been published in parts along with the ad hoc announcement in April this year. In Q1 2020, sales declined by 10.2% to EUR 396 million due to the

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