Basf Se S/Adr (BASFY) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.985 Well, ladies and gentlemen, good morning and a very warm welcome to our half-year press 00:00:04.985 -- 00:00:10.099 conference of BSF SE, which today is done as a team's 00:00:10.099 -- 00:00:12.953 call. Thank you very much that you have dialed in. 00:00:12.953 -- 00:00:16.940 And today we are going to present to you the financial figures for the second quarter 00:00:16.940 -- 00:00:21.947 2025. And you're going to be talking to Markus Kamit, who is the chairman of 00:00:21.947 -- 00:00:26.234 the Board of Executive Directors, and Dirk-Elfer Milvermann, CFO of BASF. 00:00:26.234 -- 00:00:30.761 Let's start right away. Just a few technical pieces of housekeeping. 00:00:30.761 -- 00:00:35.527 The conference language is German. with a simultaneous interpretation into English, and 00:00:35.527 -- 00:00:40.473 the charts that you are going to see in the Teams meeting are in German, and the English 00:00:40.473 -- 00:00:45.499 version is available for a download on our press website, and 00:00:45.499 -- 00:00:50.763 you can see the link in the Teams chat. And I give the floor to you. 00:00:50.865 -- 00:00:55.887 Thank you, Nina. Good morning, and welcome to our Teams or video call. 00:00:55.887 -- 00:01:00.456 Today we are presenting our results for the second quarter and the first half year of 00:01:00.456 -- 00:01:05.726 2025. On July 11th, we pre-released some of our key figures 00:01:05.726 -- 00:01:10.602 due to the adjustment of our full year guidance. 00:01:10.602 -- 00:01:15.208 Dirk and I will provide you with more details today and the rationale for the revised 00:01:15.208 -- 00:01:16.850 outlook. 00:01:16.850 -- 00:01:20.836 Before we take a closer look at the sales development, let me give you a brief overview 00:01:20.836...