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Recordati Industria Chimica e Farmaceutica S.p.A. (RCDTF) CEO Andrea Recordati on Q2 2021 Results - Earnings Call Transcript

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Recordati Industria Chimica e Farmaceutica S.p.A. (OTCPK:RCDTF) Q2 2021 Earnings Conference Call July 29, 2021 10:00 AM ET

Company Participants

Federica De Medici – Investor Relations & Corporate Communications

Andrea Recordati - Chief Executive Officer

Luigi La Corte - Chief Financial Officer

Conference Call Participants

Jo Walton - Credit Suisse

Martino De Ambroggi - Equita

K.C. Arikatla - Goldman Sachs

James Vane-Tempest - Jefferies

Isacco Brambilla - Mediobanca


Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the Recordati First Half 2021 Results Conference Call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. [Operator Instructions]

At this time, I would like to turn the conference over to Ms. Federica De Medici, Investor Relations and Corporate Communications of Recordati. Please go ahead, madam.

Federica De Medici

Thank you Serena [ph], and good afternoon or good morning everyone and thank you for attending this -- the Recordati conference call today. I'm pleased to be here with our CEO, Andrea Recordati; and Luigi La Corte, our CFO that will be presenting the 2021 first half results. They will be running you through the presentation.

As usual, the set of slides is available on our website under the Investors section. After that, we will open up for Q&A.

I will now give the floor to Andrea. Please go ahead.

Andrea Recordati

Thank you Federica. Good afternoon and good morning ladies and gentlemen. Thank you for having joined us for Recordati's first half 2021 results investor presentation.

So if you turn to slide 2 of the presentation please, we -- first half highlights. So Q2 was characterized by a gradual easing of the COVID-19 restrictions, which resulted in a partial recovery of our main reference markets and a gradual return to

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