@oddleI think you have wrongly understand the financial report....

@oddle

I think you have wrongly understand the financial report. The revenue is declined by ~30% not 70%. The EBITA declined 75% and yes it looks very terrible. However, please note the EBITA decline includes a 108.6mil stock write down and it is unlikely to happen again given fact that the current stock level is much better after the management launched a bunch of actions, which is reported in the annual report. So if we do not add 108.6mil write down, the EBITA decline is 56%. Still looks terrible, doesn't it. But just think about how many companies actually are growing profit during COVID pandemic? Or how many companies are still profitable? Anyway, it is not a good annual report but I believe if A2M can stay profitable under such challenging environment, the company will go back to strong growth path once the impact of COVID starts diminishing. Just my 2 cents opinion, good luck with your investment.<br>