Q2 2020 Geberit AG Earnings Call Transcript
Good morning, ladies and gentlemen. I am the entity operator for this conference. Welcome to the Geberit Conference Call on the Half Year Results 2020. (Operator Instructions) And the conference is being recorded. (Operator Instructions) This call must not be recorded for publication or broadcast.
At this time, I would like to turn the conference over to Mr. Christian Buhl, CEO, accompanied by Mr. Roland Iff, CFO; and Mr. Roman Sidler, Head of Corporate Communications and Investor Relations. Please go ahead.
Thank you for the introduction. Good morning, ladies and gentlemen, and welcome to our conference call on our Q2 results. Geberit has delivered very good results during the COVID-19 crisis in the second quarter. Let me start with the key statements. The EBITDA margin reached in the second quarter previous yearâs level, despite a substantial decline in net sales of minus 16%. The resilience of the margin in the second quarter led to an increase of 70 basis points of the
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