Q1 2020 GB Auto SAE Earnings Call Transcript
Good morning, good afternoon, ladies and gentlemen. Thank you for joining our first quarter '20 results presentation. This call is being recorded. From GB Auto, we have Mr. Nader Ghabbour, Deputy CEO, presenting the first quarter '20 results.
I'll now hand over to Mr. Nader for his presentation. Then we will have a Q&A session. Mr. Nader, please go ahead.
Thank you, operator. Good afternoon, ladies and gentlemen, and thank you for joining our results call for the first quarter of 2020. I hope that everyone is staying safe and healthy during these challenging times. And I'm confident that we will all emerge from this crisis stronger than ever.
Ladies and gentlemen, GB Auto began the year on a high note. Despite the typically low seasonality of the first quarter, our market was on the path towards recovery. And we were anticipating a second -- a strong rebound across all our lines of business. However, like all businesses across the world, the automotive sector is taking the hit from COVID-19.
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