Full Year 2019 Maire Tecnimont SpA Earnings Call Transcript
Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Maire Tecnimont Full Year 2019 Results Conference Call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Pierroberto Folgiero, CEO of Maire Tecnimont. Please go ahead, sir.
Good afternoon, everyone. Thank you for attending the full year 2019 financial results conference call. 2019 has been another year of solid results, with the main KPIs in line with our annual guidance. These results have been characterized by different drivers throughout the year. In the first half, we sowed the seeds in order to build solid blocks for the future. Therefore, we witnessed a significant increase in FEED projects and engineering services, a slightly lower order intake and working capital consumption as we were completing a higher number of projects. In the second half, on the other hand, we started to reap the benefits from our activity in prior months. The
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