Patrick Koller | CEO |
Michel Favre | EVP, Group CFO |
Victoria Greer | Morgan Stanley |
Michael Jackson | Bank of America |
Tom Narayan | Royal Bank of Canada |
Sascha Gommel | Jefferies |
Jose Asumendi | JPMorgan |
Stephanie Vincent | JPMorgan |
Thomas Besson | Kepler Cheuvreux |
Good morning. I wish you a very warm welcome to our H1 2021 Results Presentation.
We will with Michel Favre, our CFO, we will present to you the highlights of the first half, the financial review made by Michel and we'll close this presentation with our key takeaways and our guidance for 2021.
So if I start with the H1 highlights.
So despite adverse impacts related to shortage of semiconductors and raw material inflations, we were able to deliver very strong €7.8 billion of sales of 32% on an organic basis, which showed on outperformance of 760 basis points in the second quarter and 170 basis points in the first half.