Polytec Holding AG (0GOX) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen. Thank you for joining us for today's investor and analyst conference call. At my side is CFO Markus Mühlbock. As usual, we are joining forces in the half-year and full-year calls. In summary, the results of the Polytech Group of the first half of 2025 are in line with our expectations. Sales amounted to 357.6 million, representing an increase of 2.3 percent. EBIT rose to 5.6 million, and the EBIT margin improved by 0.6 percentage points compared to the first half of 24, reaching 1.6 percent. Once again, we can report a positive net result. It amounts to 1.4 million. This is obviously not an ultimately satisfying financial performance, but still good achievement considering the market challenges that have existed for years. Vehicle production in Europe remains unsatisfactory. The forecast for the full year 2025 is once again 3% below the previous year, following an already realized reduction of 6% in 2024. We remain at the persistently low level of around 15 to 16 million vehicles produced in Europe per year. Overcapacity and the resulting market pressure on the entire industry therefore continue. Accordingly, the various measures that we at Polytech are taking to optimize our organization, our cost, our product portfolio remain necessary. We are making steady and tangible progress here. As already explained on several occasions, the painted exterior business area is particularly affected by upheavals and challenges. Polytech operates in the niche and small series segment. Large series suppliers are increasingly pushing into the upper end of this niche, having high impact on future sales potentials. To improve our future economic performance, we are working intensively on the strategic alignment and adjustment. For example, the un...