Bossard Holding AG (0QS5) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Today, we would like to provide you an overview of the highlights 2025. Stefan Zehnder will give you an overview on the financials before I will continue with the strategy 200 progress, a little bit of insight into the U.S. tariff impacts, and finally with a focus on 2025, followed then by a Q&A session. i'm happy to start with highlights 2025. basically we have two areas one is the overall market developments and then what happens within bursar so on the market development side you have all heard and seen the challenging market environment with ongoing geopolitical and economic uncertainties. We had an initial stabilization in Q1, but this was until the debates on global trade came on with the tariffs, which caused demands to decline in Q2 in general. We saw regional differences. We saw, for example, Asia in general, India, Malaysia booming. India, because of long-term geopolitical trends, shift from China to India, but also Malaysia, which provided quite some incentives for companies moving over from China to Malaysia, namely the semi-con industries, which created positive demand dynamics. Europe and America, we had the tariff headlines, as mentioned before, which caused pretty high planning uncertainties. We saw weakening demand, especially in export-oriented and cyclical industries. We saw a significant Swiss franc appreciation and, of course, depreciation of the euro and US dollar accordingly, but also a sustained demand for automated, data-driven, sea parts management solution because of inflationary trends in many countries, namely in the US, automation was and is in high demand. On the positive side, we see also, of course, a challenging market environment, as just mentioned, but also a lot of opportunities, be it in certain verticals like aerospace, like rai...