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

Investor webinar replay

Replay transcript excerpt

Thank you operator and welcome everyone to our Q4 and full year 24 results presentation. Today's call is hosted by our CEO Nikolai Zetzer and our CFO Olaf Schick. A small reminder that both the press release and presentation of today's calls are available for download on our website as per usual. The annual report of Continental AG will be published on March 18 and before starting I'd like to remind everyone that this conference call is for investors and analysts only. So 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 the questions, we would like you to ask to limit yourselves to no more than three questions. This will help us to conclude on time. And with this, let me now hand you over to Nico. Yeah, welcome from my side. So 2024 was a year characterized by a challenged top line on the one hand. On the other hand, progress on the bottom line, which is an even more important part from where we are coming from. 2.6% down organically in consistently markets on the automotive side, but as well in particular second half on the industry side for Contitech. As I said, this challenging market, we've been able to increase EBIT. So 150, 70 million in absolute terms on top, or 0.7 in return on sales, so from 6.1. So 22, we have been at 5.0, by the way, just to remind. 6.1, now we are at 6.8. So substantially improved, mainly by the measures which we implemented, as I said, because we haven't seen, particularly in automotive and quantitech, any good tailwinds. So, on automotive, we progressed with our pricing. For 2024, negotiations are finalized with a high share of sustainable agreements. I come to this then later on the automotiv...