Bechtle Ag (BHTLF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.079 Welcome, ladies and gentlemen, to our analyst conference covering the first quarter of 00:00:05.079 -- 00:00:08.605 the current financial year 2025 at 00:00:08.605 -- 00:00:13.510 Bechtle AG. Thank you very much for your interest. 00:00:13.914 -- 00:00:19.079 We are all currently living through turbulent times. 00:00:19.657 -- 00:00:24.794 We have almost become accustomed to irritating news from the USA, 00:00:24.794 -- 00:00:29.910 but the political scene in Berlin too seems to be good for a surprise, as we 00:00:29.910 -- 00:00:35.139 were reminded this week. Having said that, some other new developments do 00:00:35.139 -- 00:00:40.509 give us cause for optimism. A Ministry of Digital Affairs endowed with far-reaching 00:00:40.509 -- 00:00:44.576 powers is, I believe, an important first step in the right direction. 00:00:44.576 -- 00:00:48.283 What matters now are reliability and dependability. 00:00:48.283 -- 00:00:53.312 Only then will our customers be prepared to invest in the future and in 00:00:53.312 -- 00:00:56.114 their European locations. 00:00:57.203 -- 00:01:02.510 Unfortunately, uncertainty still dominated in the first quarter of 2025, 00:01:02.510 -- 00:01:05.975 and this is also reflected in our figures for Q1. 00:01:05.975 -- 00:01:09.300 We will delve a little deeper in a moment. 00:01:09.300 -- 00:01:13.826 As usual, today's presentation is divided into three main sections. 00:01:13.826 -- 00:01:18.893 As usual, we'll start by looking at the key economic 00:01:18.893 -- 00:01:23.960 figures for the first quarter of the current financial year, followed by 00:01:23.960 -- 00:01:26.962 a few selected 00:01:27.511 -- 00:01:29.073 important 00:01:29.073 -- 00:01:34.078 events beyond the figures. And as usual, we're go...