OC Oerlikon Corporation AG (0QO3) Q1 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Erlicon Q1 2024 results conference call and live webcast. I am Sandra, the chorus call operator. I would like to remind you that all participants have been listened only mode and the conference has been recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Stefan Gieck, Head of Investor Relations. Please go ahead, sir. Good morning, ladies and gentlemen, and welcome to Ehrlichon's Q1 results call. With me in the call, I have Philipp Müller, CFO of Ehrlichon. Philipp will start the call with a presentation providing an update on our end markets, financials, and outlook. We will then follow up with a Q&A. With that, I would like to open our presentation and hand over to Philipp. The floor is yours. Thank you, Stefan. Good morning, everyone, and welcome to our first quarter results presentation. In Q1, we continue to execute on our strategic priorities of driving efficiency and innovation. We are doing this in a difficult economic environment, as industrial production and consumer spending continue to be subdued. and currency headwinds persist. In addition, we're driving forward the separation of the polymer processing solutions division, and we're on track with our plans. I will start the presentation today with an overview of the group results, followed by an update on our end markets with divisional results, and I'll conclude with the outlook. At the group level, Orders were 642 million Swiss francs. Q1 represents the first quarter where we see a sequential improvement in ou...