Elmos Semiconductor Ag (ELTTF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.535 Ladies and gentlemen, good morning 00:00:05.119 -- 00:00:08.301 from Leverkusen 00:00:15.156 -- 00:00:17.156 and 00:00:22.748 -- 00:00:28.113 welcome to the ELMOS conference call for the third quarter 2025. 00:00:28.432 -- 00:00:33.137 Thank you very much for your participation and your interest in our company. 00:00:33.260 -- 00:00:37.167 Ladies and gentlemen, Elmos showed a very robust performance in the third quarter of 00:00:37.167 -- 00:00:40.553 2025 with improving profitability 00:00:40.553 -- 00:00:45.281 and strong cash flows, while the top-line development was somewhat impacted by revenue 00:00:45.281 -- 00:00:49.778 shifts from Q3 into Q4 due to the SAP transition. 00:00:49.778 -- 00:00:54.785 In parallel, we are driving forward our operational and strategic agenda to even 00:00:54.785 -- 00:01:00.550 better position the company for future profitable growth and higher cash flows. 00:01:01.173 -- 00:01:05.719 Let me start with an update about the current market environment. 00:01:05.719 -- 00:01:10.426 The stocking activities in the automotive semiconductor market are gradually decreasing. 00:01:10.426 -- 00:01:15.713 More and more customers return to normal order levels, and our Q3 book-to-bill ratio 00:01:15.713 -- 00:01:18.394 was well above 1%. 00:01:18.652 -- 00:01:23.979 Nevertheless, visibility remains somehow low, and our customers still 00:01:23.979 -- 00:01:28.044 order at least some of them on a very short notice. 00:01:28.044 -- 00:01:31.789 Actually, especially in China, which is kind of the global headquarter of short-term 00:01:31.789 -- 00:01:33.789 ordering. 00:01:35.234 -- 00:01:40.020 This order pattern requires a high degree of flexibility and reaction speed from chip 00:01:40.020 -- 00:01:41.582 suppl...