Friedrich Vorwerk Group (FDVWF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, ladies and gentlemen, and I warmly welcome you to today's conference call of the Friedrich Baweck Group SE following the Q3 figures of 2025. And as always, I'm delighted to welcome CEO Tom Kleinfeld and CEO Tim Harmeister. So the gentleman will speak shortly and guide us through the presentation and the results. And afterwards, we will be happy to take your questions if you may have. And having said this, Mr. Kleinfeld, the stage is yours. Thank you very much and also very warm welcome from my side. My name is Torben Kleinfeld, CEO of the Friedrich Vorwerk Group SE. I'm on board Friedrich Vorwerk already since 2001 from profession civil engineer and I'm responsible of the total overall strategy of the company group and also still focused on a lot of hydrogen projects which are in progress here in our company's group. A little bit about Friedrich Vorwerk in detail to all of us who have not seen us yet. Friedrich Vorwerk Group is active since 60 years in the industry of energy infrastructure. The company group is very well represented in the northern part of Germany. With 14 locations, about 2,200 employees by today, and we can look back on a very strong growth over the last five years with an annual growth of above 20% each year. Our main markets here in Friedrich-Vorwerk is, as I said, energy infrastructure, mainly covering natural gas, electricity, hydrogen, and we have a other piece of adjacent opportunities where we cover all our expertise and services in biomethane treatment and also in district heating. The business update today will shine another light on some upcoming projects, which would be within our adjacent opportunities here as well. Main customers, of course, the large TSOs operating here in Germany. So on the electricity side, we see Tenet, A...