Half Year 2020 ACS Actividades de Construccion y Servicios SA Earnings Call Transcript
Good afternoon, and thank you for joining this H1 2020 results presentation. I'm here with Ãngel GarcÃa Altozano, Corporate General Manager; and the rest of the team. We will briefly analyze the key aspects of our results. And we then look forward to any questions you might have.
I want to start by thanking all of ACS employees across the world for their commitment and support for our clients, suppliers and subcontractors through these challenging times caused by the pandemic. The ACS operating activities have been resilient with Construction and Industrial Services deemed essential in most countries during the lockdown. On the other hand, Abertis has experienced a drop in its activity due to the mobility restrictions, which has caused shortfalls in daily traffic since the second half of March. Compared to H1 '19, the reduction in the contribution to the group's net profit has been over EUR 140 million. Nevertheless, since restrictions were lifted, traffic rates are recovering significantly.
On our Services activity, Clece's net profit was down by EUR 18
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