Elmos Semiconductor Ag (ELTTF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Elmos Semiconductor SE conference call regarding the Q1 2025 results. At this time, all participants have been placed on a listen-only mode. The floor will be open for questions following the presentation. Let me now turn the floor over to your host, Dr. Arne Schneider, CEO. Ladies and gentlemen, good morning from Leverkusen, and welcome to the Elmos conference call for the first quarter 2025. Thank you very much for your participation and your interest in our company. I would particularly like to welcome our new analysts, Amelie and Gustav from Berenberg, who have started to cover Elmos last week. So together with our longstanding analysts, of course, welcome to all of you. They provide a broad coverage for investors. Ladies and gentlemen, in a very challenging environment, I can report a solid start into the new fiscal year in line with our expectations. Let me start with an update about the current market environment. The automotive semiconductor market is still impacted by lower order levels as customers continue to reduce their inventories. Visibility is also still weaker than normal due to the ongoing short-term order behavior. In addition to the overall subdued market development, the rising geopolitical tensions, trade wars, or however you want to call it, potential tariffs have led to further increased uncertainties in the last weeks, as of course all of you know. To quantify the potential direct and indirect effects of the new tariffs on cars, automotive components, or semiconductors is actually not really possible, and the situation is changing on a daily basis. However, if semiconductors would be included in the new tariffs, the direct impact on Elmos would be very limited. as we ship only 2% of our p...