Mutares SE & Co. KGaA (MUTRF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

A very warm welcome to our Q3 earnings call today here in very exciting and also very challenging time. Let me guide you through the agenda, starting off with a repetition of our business model. Then I hand over to the Q3 financials to Mark. And then we have in the new format, a portfolio update. And today's guest is the president of EFASEC, Christian Klingler, who will join us then later in the presentation. And then I will give you an outlook to close the presentation of today. Let me remind you on our business model and our mission, values, vision and our goals. At the end, our mission is to transform distressed companies. And what we see today is that especially industry segments like construction, like chemical, also like auto, obviously, are really distressed segments, distressed sectors, which are really, really into at the moment and where we see great opportunities at the end of the day. Overall, our mission, our vision, our goals, as I described before, we are buying garbage companies and we are trying to look for the diamond, find the diamond, work on the diamond and sell the diamond for maximum shareholder value creation. Investment highlights, quick repetition, de-stress carve out situations. I think we have proven that over the past years and years. We want to look for turnaround de-stress assets. So with our operational workforce, with 160 people we have on the ground to make the company tomorrow a little bit better than it is today. We are operating in the four segments, which you're familiar. It's the outer segment, it's engineering technology, it's infrastructure and special industries and goods and services. And at the end of the day, we want to turn around the business and we want to buy cheap and sell expensive. But let me elaborate a little bit ...