Q2 2020 Wartsila Oyj Abp Earnings Call Transcript
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Good morning, everybody, and welcome to Wärtsilä Corporation Half Year Report 2020. And I'm really sorry for this delay. We had some minor technical problems. I'm also joined -- I'm personally myself here in Helsinki Campus in Wärtsilä offices with Atte Palomaki and -- but I'm also joined by the whole Board through the lines and with the Head of IR, Natalia Valtasaari.
As before, I have a short presentation, and then we have the possibility to talk about the numbers and issues with Q&A. I'll start with the short key messages from the half year report, and the second -- first of all, the second quarter was unsurprisingly difficult for Wärtsilä as the negative impact of COVID-19 on both our demand environment and our financial performance increased. This was especially visible in services with a lower utilization of installations and customer focus on conserving cash, affected spare part consumption, field service activities and agreement
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