Ams Osram Ag Unsp/Adr (AMSSY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the AMS Osram conference call on first quarter 2025 results and live webcast. I'm Moritz, the chorus call operator. I would like to remind you that all participants will be in the listen-only mode and the conference is being recorded. The presentation will be followed by a question and answer session. You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Jürgen Rebbel, Head of Investor Relations. Please go ahead, sir. Good morning. This is Jürgen speaking. We welcome all of you to our financial and business update on the first quarter fiscal year 2025. Aldo, our CEO, will comment on business and strategy. Rainer, our CFO, will focus on the financials then. During the call, we are referring to the earnings call presentation that you can find on our website. Please be aware, we also always provide a second full IR presentation with further background material on our website. Aldo, please walk us through the latest results. Let's do so, and also welcome to everybody from my side. We are staying on course in uncertain times. Our turnaround continues, reestablished the basis ahead of plan, more savings realized in the last quarter. It's a key driver for noticeably higher profitability in a difficult quarter compared to a year ago. Let us look at the financial performance of the group on slide two. Revenues came in at 820 million euro, above the midpoint of the guidance, a sequential decline of 7%, pretty much in line with the usual seasonality across the board despite the underlying cyclical weakness. It was the clear drive in the auto lamps aftermarket business, wh...