Full Year 2020 Dormakaba Holding AG Earnings Call Transcript
Good afternoon, ladies and gentlemen. Welcome to today's presentation on our results of financial year 2019/'20.
I will start with the presentation with some overall comments on our results and business activities for the full financial year, followed by our CFO, Bernd Brinker, who will talk about the financials in more detail. Afterwards, we'll be available for your questions.
Our financial year '19/'20 was a year of 2 very different halves and this is reflected in our business performance and results. The first half year was largely in line with expectations. However, the outbreak and spread of COVID-19 led to an unprecedented slump in business activities from February 2020 to the end of our financial year.
Before we come to the results, let me give you an overview on how we at dormakaba handle this crisis. We have 3 priorities in our crisis management: first, the health and safety of our employees; second, focus on supply chain and hence, business continuity, for some time now, all our factories are up and running
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