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Full Year 2020 Rieter Holding AG Earnings Call Transcript
Ladies and gentlemen, welcome to the Rieter Results Press Conference Call 2021. I'm Maria, the Chorus Call operator. (Operator Instructions) And the conference is being recorded. (Operator Instructions) The conference must not be recorded for publication or broadcast.
At this time, it's my pleasure to hand over to Dr. Norbert Klapper. Please go ahead, sir.
Thank you very much. Good morning, ladies and gentlemen. I sincerely hope that you, your families and your teams are doing well.
Before I guide you through the key messages, I'd like to highlight what is new compared to our January 27 sales and orders update. There are 3 major topics I would like to mention. Number one, the market recovery continues. And this is why we -- today, we communicate that we expect an order intake in half year 1 this year, which will exceed what we had in half year 2 2020. The second big topic is we expect an operating profit in 2021. And the third topic that we will like to -- that we will talk about today is we are ready
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