Jost Werke Se (JSTWF) Q2 2025 Earnings Call

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WEBVTT 00:00:00.487 -- 00:00:04.232 Thank you very much and a good morning from Norisenborg 00:00:04.232 -- 00:00:09.360 here in our headquarters and a warm welcome to our earnings conference 00:00:09.360 -- 00:00:12.982 for the first half year of 2025 and Q2 of 2025. 00:00:13.525 -- 00:00:15.525 We 00:00:15.729 -- 00:00:21.076 had challenging global markets, but JOST was able to continue its growth plan driven 00:00:21.076 -- 00:00:26.183 by the merger and acquisition of Hiva that we've taken, but also driven by some 00:00:26.183 -- 00:00:31.121 local market share gains. The Hyva post-merger integration is fully on track. 00:00:31.121 -- 00:00:36.466 The first synergies are being implemented and the exit of the non-core cranes business 00:00:36.466 -- 00:00:40.409 has been prepared in the second quarter of this year. 00:00:40.409 -- 00:00:47.214 We have signed the sales and purchase agreements this Monday on August 11th of 2025. 00:00:47.937 -- 00:00:53.201 We are also glad to report that we had some market share gains in agriculture 00:00:53.201 -- 00:00:56.275 in the APEC region and also in South America. 00:00:56.275 -- 00:01:02.144 where we were able to sign new long-term contracts with our agricultural OEMs. 00:01:02.144 -- 00:01:07.151 Market demand in Europe, Middle East and Africa was stabilized 00:01:07.151 -- 00:01:12.479 in the second quarter with order intakes slowly increasing. 00:01:12.479 -- 00:01:18.488 However, the demand in the US slowed down dramatically due to uncertainties 00:01:18.488 -- 00:01:24.085 based on the tariffs policy and the economic policy of the new administration. 00:01:24.085 -- 00:01:29.173 We've also been able to place a promissory note loan of 320 million, and 00:01:29.173 -- 00:01:34.938 we're very happy with the attractive c...