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Half Year 2019 SBM Offshore NV Earnings Call Transcript
Good morning, ladies and gentlemen. Thank you for holding. Welcome to this SBM Offshore Half Year 2019's Earnings Update Call. (Operator Instructions) I would now like to hand the call over to Mr. Bruno Chabas. Please go ahead, Chairman.
Thank you, Patricia, and welcome to all to join the first half 2019 earning update. I'm joined today by the full management board: Douglas Wood; Philippe Barril; and Erik Lagendijk; and obviously, myself. I will present the full year -- the half year results, in particular, the strategy update and the market positioning, and then Doug's going to run through the numbers and the outlook for the year. At the end of the call, like always, we're going to go through a Q&A session.
As always, the disclaimer page. You're welcome to read it and to tell us what you think about it. But now let's go through the more serious part of the presentation. And one of the point that we're seeing is that the industry is regathering pace at this stage, and we
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