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bpost SA/NV (BPOSF) CEO Jean-Paul Van Avermaet on Q2 2020 Results - Earnings Call Transcript

Aug. 07, 2020 5:22 PM ETbpost NV/SA (BPOSF), BPOSY
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bpost SA/NV (OTCPK:BPOSF) Q2 2020 Earnings Conference Call August 5, 2020 4:00 AM ET

Company Participants

Jean-Paul Van Avermaet - Chief Executive Officer

Leen Geirnaerdt - Chief Financial Officer

Conference Call Participants

David Kerstens - Jefferies

Najet El Kassir - Bank of America

Frank Claassen - Degroof Petercam

Marc Zwartsenburg - ING

Marco Limite - Barclays

Andre Mulder - Kepler


Hello and welcome to the bpost Second Quarter 2020 Analyst Call. My name is Judy and I'll be the coordinator for today's event. Please note that this call is being recorded and for the duration of the call, your lines will be on listen-only. However, you will have the opportunity to ask questions at the end of the call. [Operator Instructions]

I will now hand you over to your host CEO, Jean-Paul Van Avermaet and CFO, Leen Geirnaerdt to begin today's conference. Thank you.

Jean-Paul Van Avermaet

Okay. Good morning ladies and gentlemen. I'm very pleased to be here to present you bpost Group's second quarter 2020 results. I'd like to welcome you and thank you for joining us. With me I have Leen Geirnaerdt our CFO; as well as Saskia and Stephanie from Investor Relations.

I assume you already had the opportunity to read through the materials which we posted on our website last night and we will talk you through the presentation. And afterwards we will take your questions.

Our second quarter results were obviously still impacted by COVID-19. And this until the end of May, the second quarter was fully dominated by the lockdowns in place as well in Europe as in North America. This resulting in a net negative impact on the total group EBIT year-over-year also when we exclude the gain on sale of the headquarters building we had last year in May 2019.

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