Evonik Industries Ag (EVKIF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.976 -- 00:00:06.223 Thanks a lot, and welcome to our Q1 earnings call today. 00:00:06.223 -- 00:00:10.269 This is the first time within 10 days that we're going to meet. 00:00:10.269 -- 00:00:15.356 Today, virtually for our Q1 earnings, and next week, Thursday, 00:00:15.356 -- 00:00:19.683 for a more strategic view ahead at our Capital Markets Day. 00:00:19.683 -- 00:00:25.110 My board colleagues and I are really looking forward to welcoming quite some of you 00:00:25.110 -- 00:00:30.147 next week in Essen. So I guess you agree. that we focus 00:00:30.147 -- 00:00:35.594 today in our opening statement and during the Q&A session mainly on 00:00:35.594 -- 00:00:40.701 the current year. At our Capital Markets Day, we can then take a look 00:00:40.701 -- 00:00:44.206 ahead and cover the more strategic topics. 00:00:44.206 -- 00:00:49.113 With that, let's come to the key message for today. 00:00:49.113 -- 00:00:54.200 After a pretty good last year with 25% of earnings growth, we have 00:00:54.200 -- 00:00:58.013 further increased EBITDA in the first quarter. 00:00:58.013 -- 00:01:03.920 The same for free cash flow. Already in the last, already in the first quarter, 00:01:03.920 -- 00:01:09.985 we managed to outgrow the pretty good prior year level by more than 50%. 00:01:10.608 -- 00:01:14.073 We are confirming our full year guidance today. 00:01:14.073 -- 00:01:19.499 And, more importantly, it is well underpinned by our positive Q1 00:01:19.499 -- 00:01:25.385 performance, as well as a solid start into the second quarter. 00:01:25.385 -- 00:01:29.369 several supporting factors for the upcoming quarter. 00:01:29.369 -- 00:01:34.654 This is a strong message, I guess, a strong message in these turbulent times. 00:01:34.654 -- 00:01:40.099 So, we are confiden...