Interpump Group SpA (OTCPK:IPGLF)

$ 40.5 0 (0%) Market Cap: 5.06 Bil Enterprise Value: 5.58 Bil PE Ratio: 22.52 PB Ratio: 2.50 GF Score: 85/100

Q3 2020 Interpump Group SpA Earnings Call Transcript

Nov 10, 2020 / 02:00PM GMT

Release Date Price: $30.25

Transcript

Operator

Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the Interpump Third Quarter and 9 Months 2020 Results Conference Call. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Luca Mirabelli, Head of Investor Relations of Interpump. Please go ahead, sir.

Luca Mirabelli

Interpump Group S.p.A. - Head of IR

Thank you, and thanks to everyone for your patience and for dedicating your time and attention to our results today. I'm here once again with Executive Board Member, Fabio Marasi; and our CFO, Carlo Banci, and we will do our best to illustrate the results and answer any questions you might have about them.

Today, it is almost exactly 8 months since COVID-19 was declared pandemic. Thanks to the quick and efficient reaction of our subsidiaries at all levels during this time, I am pleased to say that Q3 2020 was a quarter of confirmation of all indications we gave during the development of the crisis.

Our sales in the quarter were still down compared to one year ago,

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