Q3 2020 Andritz AG Earnings Call Transcript
Dear ladies and gentlemen, welcome to the conference call of Andritz AG. At our customers' request, this conference will be recorded. (Operator Instructions)
May I now hand you over to Wolfgang Leitner, who will lead you through this conference? Please go ahead, sir.
Thank you very much. Good morning, everybody. Welcome to our Q3 conference call. I hope you are safe and have adjusted to the second wave. I'm sure when we are ready to enter the third wave, we already will have developed a good tradition of how to cope with these circumstances.
If you allow me, I would do some general remarks in the beginning before we take you through the presentation. I think Andritz has managed to cope reasonably well with this crisis. We started with cost containment measures at a very early stage based on certain assumptions we have made on with regard to how the business could develop. And we intensified then these measures, obviously, as the full impact on the global economy has
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