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

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:01.482 -- 00:00:06.688 Thank you very much. And welcome to all of you to our Q3 2025 00:00:06.688 -- 00:00:11.734 results presentation. Today's call is hosted by our CEO, Nicola Setzer, 00:00:11.734 -- 00:00:16.821 and our CFO, Roland Welsbacher. Both the press release and the presentation of 00:00:16.821 -- 00:00:22.247 today's call are available for download on our investor relations website. 00:00:22.247 -- 00:00:26.953 And I'd like to remind everyone that this conference calls for investors and analysts 00:00:26.953 -- 00:00:33.023 only. So if you do not belong to either of these groups, Please disconnect now. 00:00:33.023 -- 00:00:38.110 Following the presentation, we will conduct a Q&A session for cell site analysts. 00:00:38.110 -- 00:00:42.957 To provide a chance for all to ask questions, we would like to ask you to limit yourselves 00:00:42.957 -- 00:00:47.825 to no more than three questions. This will help us to conclude in time. 00:00:47.825 -- 00:00:52.291 And before handing over, I want to briefly highlight some extraordinary effects that 00:00:52.291 -- 00:00:55.056 impacted our Q3 figures. 00:00:55.056 -- 00:01:00.198 As you're already used to it from the formal Movio reporting, The signing of the sale 00:01:00.198 -- 00:01:05.443 of our original equipment solutions business within Contitech has resulted in some accounting 00:01:05.443 -- 00:01:10.928 technicalities. Here, too, Ivers 5 applies, and the assets and liabilities 00:01:10.928 -- 00:01:17.073 attributable to OSL were reclassified to assets and liabilities held for sale. 00:01:17.073 -- 00:01:22.058 Furthermore, the sale has resulted in a write-down of the assets, which reduced the basis 00:01:22.058 -- 00:01:27.223 for depreciation. The depreciation of the new book values of the...