Q1 2020 Fugro NV Trading Update Call Transcript
Welcome to the Fugro analyst call in relation to the first quarter trading update which was published today. (Operator Instructions) Mark Heine, Fugro's CEO; and Paul Verhagen, CFO, will start today's call with a short introduction. Thereafter, there will be time for questions.
At this time, I would like to turn the conference over to Mr. Heine. Sir, please go ahead.
Thank you for participating in this call. Good morning, everybody. I'm Mark Heine, CEO; and I'm here with Paul Verhagen, the CFO; and Catrien van Buttingha from Investor Relations. As usual, I will present a few slides. It should take me probably 10 minutes. And after that, I'm happy to take any questions, so let's start. Next slide, please.
So during the past 2 years, we have made significant progress with the implementation of our path to profitable growth strategy leading to a gradual recovery of the results and cash flow. While we were anticipating further growth of our business, the sudden and
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