Q1 2020 Lonza Group AG Qualitative Update Review Call Transcript
Ladies and gentlemen, welcome to the Q1 Review 2020 Conference Call. I'm Alessandro, the Chorus Call operator. (Operator Instructions) And the conference is being recorded. The presentation will be followed by a Q&A session. (Operator Instructions) The conference must not be recorded for publication or broadcast.
At this time, it's my pleasure to hand over to Albert Baehny, CEO ad interim and Chairman of the Board of Directors also, Lonza Group. Please go ahead, sir.
Thank you for the introduction. Good afternoon and welcome to everybody.
No doubt you will remember that last year, Lonza stopped reporting its quarterly results. This decision was taken for strategic reasons. Quarterly one-off effects can cause significant distortions to the quarterly comparison, and this can lead to mistaken business trend conclusions. However, in Q1 2020, we find that we are living in exceptional times, and we felt it was the right moment to reinstate our quarterly update for this quarter only.
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