Q1 2020 Grupo Traxion SAB de CV Earnings Call Transcript
Greetings, and welcome to the Traxión's First Quarter 2020 Earnings Call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Aby Lijtszain, Chief Executive Officer. Thank you. You may begin.
Thank you. Welcome, everyone, and many thanks for joining us today. I hope you and your families are well and healthy. I am very sorry about what is happening in the world. I really hope that this situation normalize quickly. In spite of this sad situation, Traxión delivered solid and positive quarterly results. It is important to highlight that our revenues saw a healthy growth of 12% while keeping a strict control in cost and expenses. Moreover, the company continued to be more efficient in asset utilization and operations. It was indeed a very favorable period. Rodolfo, Wolf, Antonio will discuss those metrics in a moment.
We face the COVID-19 contingency with a solid financial
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