DWS Group GmbH & Co. KGaA (0SAY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the DWS Group Q2 2025 conference call and live webcast. I am Yousef, the chorus call operator. I would like to remind you that all participants will be in listen-only mode in that this conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star followed by one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Oliver Flader. Please go ahead. Thank you very much, operator, and good morning to everybody from sunny Frankfurt. This is Oliver from Investor Relations, and I would like to welcome everybody to our earnings call for the second quarter of 2025. Before we start, I would like to remind you that the upcoming Deutsche Bank analyst call will outline the asset management segment result, which have a different parameter basis to the DWS results that we're presenting now. I'm joined as usual by Stefan Hobbs, our CEO, and Markus Kobler, our CFO. And Stefan will start with some opening remarks as well as closing remarks, and Markus will take you through the main part of the presentation. For the Q&A afterwards, please could you limit yourself to the two most important questions so that we can give as many people a chance to participate as possible. And please note that the Q&A session can also be extended beyond 11 o'clock if needed. I would like to remind you that the presentation may contain forward-looking statements which may not develop as we currently expect and I therefore ask you to take note of the disclaimer and the precautionary warning on the forward-looking statements at the end of our materials...