Krones AG (OTCPK:KRNTY)

$ 65.9 0 (0%) Market Cap: 4.16 Bil Enterprise Value: 3.85 Bil PE Ratio: 4.50 PB Ratio: 2.06 GF Score: 87/100

Q3 2020 Krones AG Earnings Call Transcript

Nov 04, 2020 / 07:30AM GMT

Release Date Price: $30.35

Transcript

Operator

Welcome to the conference call of Krones AG. At our customer's request, this conference will be recorded.

May I now hand you over to Mr. Christoph Klenk, CEO.

Christoph Klenk

Krones AG - Chairman of Executive Board & CEO

Good morning, ladies and gentlemen on behalf of Krones. Today, we present our 2020 outlook as well as our Q3 results. We will concentrate today on the financials of Q3 and the financial outlook for 2020 since we present a broader view strategy and measures on the Capital Market Day next week on Thursday, 12.

We have -- we are concentrating today on financials. However, I want to jump to the first slide. Olaf, maybe you can help me in pushing that forward. You see on the first slide, we have summarized whatever is related within Krones and COVID-19. And first of all, I would like to say that before we jump to -- very briefly to COVID-19, that we have been able to adapt our structures over the last 6 months quite heavily and the flexibility of our structure, Norbert will talk a little bit more about that later on, helped a

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