Mtu Aero Engines Hldgs Ag (MTUAF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.077 Good morning ladies and gentlemen. Welcome to MTU's Q1 2025 results 00:00:05.077 -- 00:00:11.064 call. As usual, we will start with a look at the past quarter with a review from Lars. 00:00:11.064 -- 00:00:15.749 Peter will give a financial overview and a deeper look into the segment results. 00:00:15.749 -- 00:00:20.154 Following that, Lars will walk you through the pre-release guidance update for 2025. 00:00:20.154 -- 00:00:21.555 This 00:00:21.555 -- 00:00:25.500 then ends the presentation and we will open the call for questions. 00:00:25.500 -- 00:00:29.377 And with that, I'll hand over to Lars for the review. 00:00:29.377 -- 00:00:32.480 All right, thank you, Thomas, and a warm welcome from my side. 00:00:32.480 -- 00:00:34.902 Good to have you with us today. 00:00:34.902 -- 00:00:38.265 Let me start with some words on the market environment. 00:00:38.265 -- 00:00:43.330 Global passenger traffic increased by 5.3% in the first three months 00:00:43.330 -- 00:00:45.410 of 2025. 00:00:45.512 -- 00:00:50.036 Within this, international traffic improved by 7.7%, while 00:00:50.036 -- 00:00:53.818 domestic traffic increased by only 1.4%. 00:00:54.040 -- 00:00:57.980 Global load factors remained high at around 80%. 00:00:57.980 -- 00:01:02.923 The number of scheduled flights for April and May looks very promising. 00:01:03.225 -- 00:01:08.190 Dedicated cargo traffic has continued its growth with a slight increase in Q1 by 2.4% 00:01:08.190 -- 00:01:11.111 in CDK. 00:01:11.434 -- 00:01:17.698 This start into the year is very promising for air traffic and the outlook remains positive. 00:01:17.740 -- 00:01:23.106 Anyway, the announced tariff environment creates uncertainties in the global markets. 00:01:23.106 -- 00:01:27.090 It remains...