Inficon Holding AG (OTCPK:IFCNF)

$ 1260 71.37 (6%) Market Cap: 2.84 Bil Enterprise Value: 2.79 Bil PE Ratio: 26.14 PB Ratio: 8.73 GF Score: 92/100

Q3 2020 Inficon Holding AG Earnings Call Transcript

Oct 21, 2020 / 07:30AM GMT

Release Date Price: $735

Transcript

Operator

Ladies and gentlemen, welcome to the INFICON Q3 Results Conference Call. I am Alessandro, the Chorus Call operator. (Operator Instructions) And the conference is being recorded. (Operator Instructions) This conference must not be recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Mr. Lukas Winkler, Chief Executive Officer of INFICON. Please go ahead, sir.

Lukas Winkler

INFICON Holding AG - President & CEO

Thank you, Alessandro. (foreign language) Good morning, everyone, and thanks for joining us today to review our results for the third quarter of 2020.

The third quarter can be summarized with 5 bullet points: first of all, the ongoing COVID-19 impact on how we do business; secondly, (technical difficulty) semiconductor market development but still at a higher level than 2019; third, the rebound in all other served target markets after a relatively weak second quarter of 2020. Fourth bullet point is a disappointing gross profit margin due to several reasons. I'll come to that later. And last but not

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