Q2 2020 Verallia SAS Earnings Call Transcript
(Operator Instructions) I will now hand you over to your host, Michel Giannuzzi, CEO of Verallia, to begin today's conference. Thank you.
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Well, thank you very much and good afternoon, everyone, and welcome to our call for the first half of the year results. I do hope that you and your families are doing well and that you are not too severely hit by the COVID-19 pandemic.
I will share the presentation tonight with Didier Fontaine, Verallia Group CFO. And I'm very pleased report strong performance in H1 that shows the resilience of the group in the context of the COVID-19 pandemic. Revenue, as they are reported, stand up at EUR 1.275 billion, which is down 4.1% versus last year, first half of the year. But the organic decline in the first half of this year is only 0.9%. And even if we exclude Argentina, which you know is a hyperinflation country, the organic decline is only 2.7% versus the first half of last year, so quite a
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