Mutares SE & Co. KGaA (MUTRF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

A very warm welcome to our H1 2025 earnings call. I'm very happy to introduce you to a new format of the earnings call, which from now on we would like to share with you and we would like to host you. And in the new format, we want to introduce and we want to have more detailed insight on our portfolios. And as you can see, we are here now in a studio at the Magirus Museum in Ulm, presenting the Magirus Museum in Ulm. And later on, you will even get more insights on Magirus presented by the CEO of the company. Let me first get you through the agenda. So we're going to kick off with a reminder on a business model. Then Mark will lead through H1 financials. I'll give you a portfolio update where we will do some changes here. And then after the Margiris Insight, you also get an outlook on the second half of 2025. But first of all, let me remind you on our business model. And looking back on H1, I think it's also needed after facing the results out of the Gotham report, having the BaFin part, having the Seneca year and things. So I'm very sure H2 will be a very business focused, buying companies, selling companies, making shareholders, stakeholders and at the end also our people happy. Let me remind you quickly on the business model. Our mission is to transform these stressed companies. In other words, turning garbage into diamonds. Our values, entrepreneurship. I just came out of an interview and the most important character working for us is entrepreneurship. We are the normal ones and we are the trustable ones and we take entrepreneurial risk in order to create the diamonds. We want to be the global leader in special carve out situation. We want to be the first in mind, first in choice when it comes to corporates or large companies want to divest part of their busines...