Elmos Semiconductor Ag (ELTTF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Morning, ladies and gentlemen, and a warm welcome to the Elmhurst Center Conductor S.E. Conference Call regarding the results of Q2 2025. At this time, all participants have been placed in a listen-early mode. The floor will be open for questions following the presentation. Let me now turn the floor over to your host, Dr. Arne Scheider, C.A.O. Ladies and gentlemen, good morning from Leverkusen and welcome to the ELMOS conference call for the second quarter 2025. Thank you very much for your participation and your interest in our company. Today I would like to welcome our new analyst, Weihl-Harder from Metzler, who has started to cover ELMOS since June. We already know the name, but the company is new and we very much appreciate the uptake of coverage. Ladies and gentlemen, we can report an encouraging revenue growth for the second quarter, although we continue to face ongoing geopolitical challenges and quite dynamic markets. So let me start with an update about the current market environment. The stocking activities in the automotive semiconductor market are slowly but steadily decreasing. Our customers are now increasingly returning to normal order levels as they continue to reach their desired inventories. Nevertheless, visibility remains low, and some of our customers still order on a very short notice. We also do see an increasing amount of rush orders, where people exceed the level that they actually planned for this year. The economic and geopolitical environment remains challenging. In particular, the Chinese automotive market has recently shown an even more dynamic growth momentum than in the past. But there is also increasing competition among Chinese OEMs, especially in the field of electric vehicles, so the new energy vehicles. This fierce competition lea...