Kendrion N.V. (0G68) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everybody here in the Holiday Inn Arena Towers and on the webcast. I apologize for the delay, we had a fire alarm here in the Holiday Inn. Luckily it turned out to be false, so we can proceed safely. Today we will discuss two announcements that we made earlier this morning. our Q2 and first half 2025 financial results and the divestment of our Suzhou-based business including the implications for Kendrion's strategic repositioning as a pure play industrial company. My name is Joep van Beurden, Kendrion's CEO and with me here is Jeroen Hemmen, our CFO. This morning's agenda. I will start with reviewing the divestment of our China franchise to local management. to complete our strategic repositioning as a pure play industrial company. Jeroen will then discuss the financial impact of that transaction and review our Q2 and first half 2025 results, after which I will give you an update of the progress that we've made operationally over the past half year. Next, I will discuss the outlook for the remainder of the year and we'll go to Q&A. Before we start, I would like to draw your attention to the following. Certain statements contained in this presentation constitute forward-looking statements and these forward-looking statements rely on several assumptions concerning future events and are subject to uncertainties and other factors, many of which are outside the company's control that could cause actual results to differ materially from such statements. First, I would like to present the divestment of our China business. A sale that completes our strategic repositioning as a pure play industrial company. A company that will focus exclusively on high potential niches within our industrial breaks and industrial actuators and controls business group. A company th...