Half Year 2020 Kapsch Trafficcom AG Earnings Call Transcript
Ladies and gentlemen, thank you for standing by. I am Haley, your Chorus Call operator. Welcome and thank you for joining the Kapsch TrafficCom's First Half 2019-'20 Results Conference Call. (Operator Instructions) I would now like to turn the conference over to Mr. Georg Kapsch, Chief Executive Officer of Kapsch TrafficCom. Please go ahead.
Thank you very much. Ladies and gentlemen, good morning, good afternoon, wherever you are around the world. That's what I always say in the beginning of these kinds of conferences. Haley, welcome. Well, what we are presenting today is what we are, of course, not proud of, but there is a reason for it. And I would like to start with a kind of a strategic perspective concerning the company because I'm convinced that we are currently in a kind of a transition period, which, on the one hand side, causes huge investments in future technologies, new business models and transforming the enterprise towards a more service-oriented company.
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