Contl Ag S/Adr (CTTAY) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the analyst and investor call Q3 Results 2024 of Continental AG. At this time, all participants have been placed on a listen-only mode. The flow will be open for questions following the presentation. Let me now turn the flow over to your host, Max Wexmeyer. Thank you, operator, and welcome everyone to our third quarter 2024 results presentation. Today's call is hosted by our CFO, Olaf Schick. A small reminder up front that both the press release and presentation of today's calls are available for download on our IR website. And before starting, we'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 sales site analysts. To provide a chance for you all to ask questions, we would ask you to limit yourself to no more than three questions. This will certainly help us to conclude our call on time. And with this, let me now hand over to you, Olaf. Thank you very much, Max, and to all on the line. Thank you for joining us here, and we appreciate your time and being with us today. Yeah, I would like to get going with a brief update on where we are regarding automotive sector spin-off. We are still in the detailed evaluation phase, after which my colleagues on the executive board and I will take a final decision in Q4 on whether to go ahead with the spin-off. Next steps would then be the supervisory board decision in March, followed by the annual shareholder meeting approval in April. What are the main criteria? we will use for this decision. Here our focus is on ensuring that both standalone organizations are fully functional with a good underlying pe...