Lenzing AG (LTS:0NCV)
€ 31.925 1.125 (3.65%) Market Cap: 1.23 Bil Enterprise Value: 2.76 Bil PE Ratio: 0 PB Ratio: 0.93 GF Score: 70/100

Half Year 2020 Lenzing AG Earnings Call Transcript

Aug 05, 2020 / 07:00AM GMT
Release Date Price: €37.26 (+4.79%)
Operator

Ladies and gentlemen, thank you for standing by. My name is Emma, your Chorus Call operator. Welcome and thank you for joining Lenzing Group's Q2 investor and analyst call. (Operator Instructions).

Your hosts today are Stefan Doboczky and Thomas Obendrauf. And I would now like to turn the conference over to Stefan Doboczky, CEO of Lenzing. Please go ahead, sir.

Stefan Doboczky
Lenzing Aktiengesellschaft - Chairman of Management Board & CEO

Thank you, operator. Good morning. Welcome, everybody, and thank you for joining the first half 2020 financial call of the Lenzing Group. First half 2020 dominated by one theme, COVID-19. It was the first half of the year that was from various perspectives and first half of unprecedented challenges. On the one hand, how to keep our people and partners safe, how to keep operations uninterrupted from supply chain interruptions whilst facing an unprecedented demand drop to the global closure of most of the retail outlets and textiles and the corresponding demand drop, how to manage and panic buying on the nonwoven

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