Contl Ag S/Adr (CTTAY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

This conference will be recorded. Good afternoon, ladies and gentlemen, and welcome to the Continental AG Analyst and Investor Call H1 Results 2025. At this time, all participants have been placed on a listen-only mode. The floor will be open for questions following the presentation. Let me now turn the floor over to your host, Max Westmeyer, Head of IR. Thank you very much, and welcome everyone to our Q2 2025 results presentation. I'm glad that we have a strong C-level presence here today again. Our CEO, Nikolai Setsa, our CFO, Olaf Schick, as well as Philipp von Hirschheit, the future Aumovio CEO. And for the Q&A, Roland Welzbacher will join us as well. Both the press release and presentation of today's call are available for download on our investor relations website. And as always, I'd like to remind everyone that this conference call is for investors and analysts only. If you do not belong to either of these groups, please kindly disconnect now. Following the presentation, we will conduct a Q&A session for sell-side analysts. To provide a chance for all to ask questions, we would like to ask you to limit yourselves to no more than three questions each. This will help us to conclude our call on time. And before we start, Let me remind you of some accounting technicalities that are also occurring in Q2. Due to the spin-off in September, we applied for IFRS 5 accounting for continued and discontinued operations. As a result, among others, depreciation and amortization for automotive and contract manufacturing has been stopped. This has a significant positive effect on EBIT and net income. The EBIT effect amounts to 235 million euro. equal to 240 base points in automotive when looking at the Q2 adjusted EBIT. In the IR presentation, however, we are working with a li...