Contl Ag S/Adr (CTTAY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much. And welcome to all of you to our Q3 2025 results presentation. Today's call is hosted by our CEO, Nicola Setzer, and our CFO, Roland Welsbacher. Both the press release and the presentation of today's call are available for download on our investor relations website. And I'd like to remind everyone that this conference calls for investors and analysts only. So if you do not belong to either of these groups, Please disconnect now. Following the presentation, we will conduct a Q&A session for cell site 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. This will help us to conclude in time. And before handing over, I want to briefly highlight some extraordinary effects that impacted our Q3 figures. As you're already used to it from the formal Movio reporting, The signing of the sale of our original equipment solutions business within Contitech has resulted in some accounting technicalities. Here, too, Ivers 5 applies, and the assets and liabilities attributable to OSL were reclassified to assets and liabilities held for sale. Furthermore, the sale has resulted in a write-down of the assets, which reduced the basis for depreciation. The depreciation of the new book values of the OSL assets has stopped. Without the signing, there would have been no impairment trigger, and the depreciation would have been roughly 6.5 million euros higher in Q3. With this up front, let me now hand you over to Nico. Thanks, Max. Very welcome to the call of an, again, eventful third quarter. Our quarters have been in the last time always eventful, but this time with two major events and two major milestones. As already mentioned, on the one hand, Theo Movio spin-offs, with a fantastic ring ...