Maire SpA (FRA:3OY1)
€ 7.08 0 (0%) Market Cap: 2.32 Bil Enterprise Value: 1.82 Bil PE Ratio: 13.08 PB Ratio: 4.23 GF Score: 87/100
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Half Year 2020 Maire Tecnimont SpA Earnings Call Transcript

Jul 29, 2020 / 03:30PM GMT
Release Date Price: €1.48 (-3.95%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Maire Tecnimont First Half 2020 Results Conference Call. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Pierroberto Folgiero, CEO of Maire Tecnimont. Please go ahead, sir.

Pierroberto Folgiero
Maire Tecnimont S.p.A. - CEO, MD & Executive Director

Good afternoon, everyone. Thank you for attending the first half 2020 financial results conference call.

The first half of 2020 has seen unprecedented challenges as the entire world has had to face a situation never experienced before against an invisible enemy. Our group has been very quick and flexible at responding to the challenge in order to adapt to the new normal and ensure business continuity. Such stance has allowed us to maintain our EBITDA marginality, one of the highest among our direct peers throughout the first 2 quarters.

We were able to generate strong cash flow in Q2, driven by significant improvement in the net working capital, which

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