Bullish on the market bouncing back by around July provided the pandemic doesn't get worse, he said,'' What we really see is the confidence levels are actually better than in the first wave. We would think there is a lot of pent-up demand as well. We have quite a strong order bank and that's a positive thing. We believe as soon as restrictions are reduced and situations improve business will come back relatively quickly.'' The company's dealers are also more confident, as customers who are mostly 'business people' have also learned how to deal with the health crisis despite COVID-19 coming much closer at the personal front of many, he added. ''They are more confident of how they come back into the business. There is already experience of dealing with it (COVID). On the one hand, managing the acute crisis and on the other, coming out of the crisis and then stabilizing the business again. Most businesses made relatively stable returns last year after the first wave. That gives our customer base, dealer base confidence,'' Schwenk said.