LPKF Laser & Electronics SE (0ND2) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everybody, and welcome to our conference call for the first quarter 2025. My name is Bettina Schaefer. I'm head of investor relations at LPKF and your host today for this call. For the first part of this call, all participants have been placed on a listen-only mode. Afterwards, there will be a Q&A session. The conference will be recorded and published for a period of two weeks on our website. Our CEO, Klaus Fiedler, and CFO, Peter Mimler, will now give you an overview of our business development in the first three months. And before we start, I would like to point out that any forward-looking statements in today's presentation are based on information currently available. These forward-looking statements are not to be understood as guarantees of future performance and results. Ladies and gentlemen, I now hand over to Klaus Fiedler. Please go ahead, Klaus. Thank you very much, Bettina. Hello and welcome everybody to our Q1 earnings call, giving you an overview of how the first three months progressed against our plan and ambitions for 2025. Of course, giving a deeper insight into movements in our markets and how we positioned ourselves. And of course, also giving you an insight how the current perish situation in the US is shaping up for LPKF and how we are responding to it. Let's get started with the first slide. Key takeaway from Q1. Solid start with revenue into the year, meaning we are pretty much exactly on what we planned to happen for revenue recognition in the first quarter. And we see that cost saving measures we implemented in the second half of 24 now flow through to our EBIT, to our bottom line. So in adjusted EBIT, we are up 21% on previous year. And we are continuing to push in this direction. But the first measures really show an effect now. When...