Q1 2020 Wartsila Oyj Abp Earnings Call Transcript
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Good morning, everyone, and welcome to Wärtsilä Corporation Interim Report January-March 2020.
We have a quite unusual setup this morning. I'm almost alone here with some helping people in Wärtsilä Campus Helsinki. But I'm also joined by the whole Board of Management on lines and from Investor Relations, Natalia Valtasaari and Emilia Rantala.
As usual, I will go through some slides first, and then you have a possibility to ask questions. And if you look at Wärtsilä's first quarter, our net sales were stable, but the profitability was burdened by the COVID-19 impacts and the mix. And couple of words about the COVID-19 first. And really, the escalation of the coronavirus pandemic and concerns regarding its long-term impact on the global economy has resulted in high degree of uncertainty in our industry and the industries of our customers.
We have seen definitely certain disruptions in our operations during the first quarter. Our
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