Fincantieri SpA (FRA:1F80)
€ 4.608 -0.038 (-0.82%) Market Cap: 1.49 Bil Enterprise Value: 3.78 Bil PE Ratio: 0 PB Ratio: 2.20 GF Score: 72/100

Q1 2020 Fincantieri SpA Earnings Call Transcript

May 15, 2020 / 07:00AM GMT
Release Date Price: €5.24 (-1.46%)
Operator

Good morning. This is the Chorus Call conference operator. Welcome, and thank you for joining the Fincantieri First Quarter 2020 Results Conference Call. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Maestrini, General Manager of Fincantieri. Please go ahead, sir.

Alberto Maestrini
Fincantieri S.p.A. - General Manager

Good morning, ladies and gentlemen. I will start providing you with some highlights on the Fincantieri group results for the first quarter of 2020. Starting, of course, with the situation caused by the COVID-19 pandemic.

This year has been characterized by this outbreak. As previously announced, we have promptly deployed all the necessary measures to prevent the further spreading of the virus in our shipyards, production site and offices as of March 16, aiming to protect as much as possible the health of our employees and our subcontractors. Since April 20, we started to gradually resume our production activities. But the process to reach production at full capacity will take several weeks and will

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