Contl Ag S/Adr (CTTAY) Q4 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.976 -- 00:00:06.403 Thank you operator and welcome everyone to our Q4 and full year 24 results 00:00:06.403 -- 00:00:07.845 presentation. 00:00:07.845 -- 00:00:13.952 Today's call is hosted by our CEO Nikolai Zetzer and our CFO Olaf Schick. 00:00:13.952 -- 00:00:18.598 A small reminder that both the press release and presentation of today's calls are available 00:00:18.598 -- 00:00:23.804 for download on our website as per usual. The annual report 00:00:23.804 -- 00:00:28.952 of Continental AG will be published on March 18 and before starting I'd 00:00:28.952 -- 00:00:33.296 like to remind everyone that this conference call is for investors and analysts only. 00:00:33.296 -- 00:00:38.861 So if you do not belong to either of these groups, please kindly disconnect now. 00:00:38.861 -- 00:00:43.705 Following the presentation, we will conduct a Q&A session for sell-side analysts. 00:00:43.705 -- 00:00:48.790 To provide a chance for all to ask the questions, we would like you to ask to 00:00:48.790 -- 00:00:51.933 limit yourselves to no more than three questions. 00:00:51.933 -- 00:00:56.997 This will help us to conclude on time. And with this, let me now 00:00:56.997 -- 00:00:59.414 hand you over to Nico. 00:00:59.414 -- 00:01:02.996 Yeah, welcome from my side. So 2024 00:01:03.139 -- 00:01:08.305 was a year characterized by a challenged top line on the one hand. 00:01:08.305 -- 00:01:13.451 On the other hand, progress on the bottom line, which is an even more important part 00:01:13.451 -- 00:01:16.673 from where we are coming from. 2.6% 00:01:19.959 -- 00:01:24.685 down organically in consistently markets on the automotive side, but as well in particular 00:01:24.685 -- 00:01:29.249 second half on the industry side for Contitech. 00:01:29.249 -- 00:01:3...