DWS Group GmbH & Co. KGaA (0SAY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the DVS Group Q3 2025 results with Investor and Analyst Conference Call. I'm Sergan, the Chorus Call Operator. I'd like to remind you that all participants will be in listen-only mode and the conference being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and then 1 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 Flade. Please go ahead. Operator, thank you very much and good morning to everybody from Frankfurt. This is Oliver Flade from Investor Relations and I would like to welcome everybody to our earnings call for the third quarter of 2025. So before we start, I would like to remind you, as usual, that the upcoming Deutsche Bank analyst call will outline the asset management segments results, 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. Stefan will start with some opening remarks, as well as the deep dive on digital developments, 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 I would also like to remind you that the presentation may contain forward-looking statements which may not develop as we currently expect. I therefore ask you to take note of the disclaimer and the precautionary warning on forward-looking statements at the end of our materials. And with that, I will now pass on to Stefan. Thank you, Oliver. Good ...