Mr. Muller, how would you describe the dramatic collapse in the share prices of siemens, schaeffler and the two french sporting goods giants??
Leon Muller: each slump in itself is of course dramatic, but here we are talking about share price losses of 50 percent. However, in the context of the market as a whole, these slumps are not particularly noticeable. After all, with the outbreak of the corona crisis, investors blindly sold everything that could be quickly turned into money. This not only affected the shares of companies in the region. In the panic, no distinction is made between good and not so good companies. Even positions in supposedly safe havens such as gold and on the bond market have been liquidated. What differences do you see between the companies in terms of the crisis resistance of their business models?? After all, these are very different industries.