Afry AB (OTCPK:AFXXF)
$ 16.2 0 (0%) Market Cap: 2.17 Bil Enterprise Value: 2.81 Bil PE Ratio: 22.69 PB Ratio: 1.77 GF Score: 89/100

Q2 2020 AF Poyry AB Earnings Call Transcript

Jul 14, 2020 / 08:00AM GMT
Release Date Price: $16.81
Jonas Gustavsson;yry AB;publ;President;CEO
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So then I would like to welcome all of you to this quarter 2 presentation from AFRY, from ÃF Pöyry. My name is Jonas Gustavsson. I'm the CEO of AFRY and we also have Juuso Pajunen, our CFO, who will participate and present a few slides to all of you. So again, very much welcome to this presentation.

Let's jump into it and I will start with the first slide, which is the overview slide. And as you see the headline as we have chosen is: Stable results in a challenging quarter, because for sure, the quarter was challenging. You have seen that the top line, our sales came in at SEK 4.8 billion, which is minus 11% compared to the same period last year. With a lot of activities and a lot of cost mitigation activities, we were able to keep the margin at 8%, equal to SEK 383 million. We will cover a bit what we have done in mitigation activities, on cost savings, of course, later in the presentation.

And then you can see the first 6 months then we are still on positive

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