Full Year 2019 Andritz AG Earnings Call Transcript
Dear ladies and gentlemen, welcome to the Full Year 2019 Results Conference Call of Andritz AG. At our customers' request, this conference will be recorded. (Operator Instructions)
May I now hand you over to Dr. Wolfgang Leitner, CEO, who will lead you through this conference. Please go ahead, sir.
Good morning, everybody. Welcome to our full year results conference call. Before I start and go into details, let me quickly summarize how we see the year. Overall, we are satisfied with the development of 2019, obviously, not the least, thanks to a very strong fourth quarter of 2019. Three of our four business areas, that means Pulp & Paper, Hydro and Separation, have shown favorable developments in spite of a not-so-easy global economic environment. And I'm not yet speaking of corona, obviously. The record order intake that we have achieved confirms, I think, in numbers, the very good market position that we have in the market, especially in Pulp & Paper. It's very
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