Elringklinger Ag (EGKLF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, hello and good afternoon, and thank you for attending our analyst conference here, which takes place as a virtual event this year. But for those who, like us, also consider personal contact to be important, I would like to make an announcement at this point. Since Erwin Klinger has met essential requirements for its further development that are worth to present and discuss, we are planning a capital market stay in the second half of the year, probably in November. I welcome you to our conference call on the final and audited figures of the fiscal year 2024. I'll start with some highlights of the 2024 fiscal year, present the full set of figures, and we'll provide you with the outlook for the current year. Afterwards, you will have the opportunity to ask questions as usual. Let me start with some highlights on 2024. and their strategic background. The market environment is challenging. Geopolitical tensions are increasing worldwide and trade policy conflicts are having a particular impact on global industries such as the automotive sector. At the same time, the macroeconomic situation, particularly in Europe and Germany, is not very dynamic. Alongside the general influencing factors, we are part of an industry that is undergoing a far-reaching transformation. In particular, increasingly stringent emissions regulations are driving forward alternative drive technologies. We at Erwin Klinger have to find our way through this complex situation. Our transformation strategy, Shape 30, has laid out the way forward. My colleagues on the board of management and I have agreed on a strategic package of measures that will have an impact along the strategy. We'll focus on profitable business. We'll terminate unprofitable activities. These include product grou...