Q1 2020 Andritz AG Earnings Call Transcript
Dear ladies and gentlemen, welcome to the conference call of Andritz AG. At our customer's request, this conference will be recorded. (Operator Instructions)
May I now hand you over to Dr. Leitner, who will lead you through this conference. Please go ahead.
Yes. Thank you very much. Good morning, everybody. Welcome to our first quarter 2020 conference call. I hope all of you are safe and have been able to get through this, I would say, special and certainly challenging times reasonably well, times where we get every evening in the news an update on the mortality rates in various countries. And I informed that everybody is expecting the deepest recession since the second world war. Obviously, causes a problem and a challenge going forward because I think what we have seen so far is that the supply side has been holding up very well, but when the supply side picks on the same stored up when -- and if the demand side is there and is recovering. And I think there it's -- it would
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