HELLA GmbH & Co KgaA Q3 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Henning Cosman - HSBC, Research Division - Analyst : I was just going to ask about your comment with respect to the delays and new model ramp-ups on part of your OEM customers. I was wondering if you could elaborate on that a little bit. I know we've already talked about that before, if you can just speak about the acceleration of this a little bit, which regions this falls into. I assume you can't talk about individual customers, but if you can, that would, of course, also be interesting. If you could just talk about that a little bit more, please. Rolf Breidenbach - HELLA GmbH & Co. KGaA - Chairman of Management Board, President & CEO of Hella GeschSftsfnhrungsgesellschaft mbH Yes. As you said, we are not talking about customers, but we can see a clear tendency, for example, in the Americas. So huge customers are currently screening their portfolio and, of course, searching for cash-saving measures. And here, especially with regard to the local customers, we see significant delays of SOPs on the one hand and, of course, the prolongation of currently existing car lines. So we will see a kind of focus with regard to this approach in the U.S. and Mexico. But here and there, the same is true for Europe.

Question: Akshat Kacker - JP Morgan Chase & Co, Research Division - Analyst : Akshat Kacker, from JPMorgan. I have just a little follow-up on employee and personnel costs. How much room do you have to save cost with recent production shutdowns, specifically in the U.S. and Mexico? Rolf Breidenbach - HELLA GmbH & Co. KGaA - Chairman of Management Board, President & CEO of Hella GeschSftsfnhrungsgesellschaft mbH Sorry, you are -- sorry, sometimes you are very difficult to understand. Perhaps you -- can you come a little bit closer to your microphone? without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. APRIL 02, 2020 / 8:00AM, HLE.DE - Q3 2020 HELLA GmbH & Co KgaA Earnings Call