Q2 2020 Sandvik AB Earnings Call Transcript
Hi, everyone, and welcome to the presentation of the second quarter results of Sandvik. We will go through the presentation, followed by a Q&A session. And my name is Emelie Alm, and I have just joined the Investor Relations team here at Sandvik. And with me today, I have our President and CEO, Stefan Widing; together with our CFO, Tomas Eliasson. So over to you now, Stefan, to start.
Thank you, Emelie. And I would also like to welcome you to this second quarter report for Sandvik in 2020. I think it's fair to say it's been a long quarter as we have experienced more things in this quarter than we usually experience over the course of years. And it's been a challenging quarter. We, of course, started to see a sharp decline in our short-cycle business over the end of March, a decline that accelerated into April. We also saw mines closing down in several parts of the world. And then continuing into May, we had volatility in the oil price, which started to impact our
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