Q3 2020 Elringklinger AG Earnings Call Transcript
Good day, and welcome to the ElringKlinger Group Analyst Conference Q3 2020. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Stefan Wolf. Please go ahead, sir.
Yes. Thank you very much. Ladies and gentlemen, welcome to our conference call today with regard to the results of the third quarter of the ElringKlinger Group worldwide.
Well, after 2 quarters of pandemic consequences, the first quarter especially in China and the second in Europe and North America, the third quarter was really characterized by a robust global recovery and kind of a steady return to normality even though and that -- we have to see that the global production is still under prior year's level after the first 9 months of 2020. ElringKlinger can present today a solid set of results especially with regards to the general economic framework that we have right now. We benefit from our efficiency enhancement program, which has been implemented in early 2019
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