Mutares SE & Co. KGaA (MUTRF) Q4 2024 Earnings Call

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WEBVTT 00:00:00.537 -- 00:00:05.482 Dear ladies and gentlemen, a warm welcome to the preliminary financials of the fiscal 00:00:05.482 -- 00:00:07.564 year 2024 00:00:07.564 -- 00:00:12.329 and the Q1 2025 earnings call of Mutaris SE. 00:00:12.329 -- 00:00:15.932 All participants have been placed on a listen-only mode. 00:00:15.932 -- 00:00:20.917 This conference also will be recorded. In case of any questions, please reach out to 00:00:20.917 -- 00:00:23.738 us via ir.mutaris.de. 00:00:25.822 -- 00:00:30.505 Let me now turn the floor over to your host, Mark Friedrich. 00:00:31.638 -- 00:00:37.108 Thank you, everyone, and welcome to this call today, as we planned, 00:00:37.108 -- 00:00:42.539 but had to publish yesterday, that we only can publish preliminary financial 00:00:42.539 -- 00:00:47.568 statements. And that is mainly due to what you read here again on the page and what 00:00:47.568 -- 00:00:52.978 you read yesterday in the press release, that we have more documentation requirements 00:00:52.978 -- 00:00:58.045 and more auditing work to be done, especially for 00:00:58.045 -- 00:01:03.078 one complex special situation that we experienced here over the 00:01:03.078 -- 00:01:08.255 last couple of months. And let me give you here a bit of more color 00:01:08.255 -- 00:01:13.902 what happened over the last couple of months, especially since this is due to one topic 00:01:13.902 -- 00:01:17.627 that you are all aware of, which is called Seneca, 00:01:17.627 -- 00:01:21.652 where we experienced a situation where standard 00:01:21.652 -- 00:01:26.498 accounting frameworks meet a situation that is non-standard. 00:01:26.498 -- 00:01:31.366 Like we experienced here with Zernike what we had to discover after the acquisition in 00:01:31.366 -- 00:01:36.494 December and...