Polytec Holding AG (0GOX) Q2 2025 Earnings Call

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WEBVTT 00:00:00.470 -- 00:00:05.837 Good afternoon, ladies and gentlemen. Thank you for joining us for today's investor 00:00:05.837 -- 00:00:09.040 and analyst conference call. 00:00:09.040 -- 00:00:14.147 At my side is CFO Markus Mühlbock. As usual, we are joining 00:00:14.147 -- 00:00:18.092 forces in the half-year and full-year calls. 00:00:18.092 -- 00:00:23.478 In summary, the results of the Polytech Group of the first half of 2025 are in 00:00:23.478 -- 00:00:25.934 line with our expectations. 00:00:25.934 -- 00:00:29.075 Sales amounted to 357.6 00:00:29.278 -- 00:00:34.020 million, representing an increase of 2.3 percent. 00:00:34.303 -- 00:00:39.468 EBIT rose to 5.6 million, and the EBIT margin improved by 0.6 00:00:39.468 -- 00:00:44.694 percentage points compared to the first half of 24, reaching 1.6 00:00:44.694 -- 00:00:46.694 percent. 00:00:47.177 -- 00:00:50.320 Once again, we can report a positive net result. 00:00:50.320 -- 00:00:53.802 It amounts to 1.4 million. 00:00:54.250 -- 00:00:59.356 This is obviously not an ultimately satisfying financial performance, but still 00:00:59.356 -- 00:01:05.381 good achievement considering the market challenges that have existed for years. 00:01:05.483 -- 00:01:09.686 Vehicle production in Europe remains unsatisfactory. 00:01:09.688 -- 00:01:15.114 The forecast for the full year 2025 is once again 3% below the previous year, 00:01:15.114 -- 00:01:20.758 following an already realized reduction of 6% in 2024. 00:01:22.330 -- 00:01:28.058 We remain at the persistently low level of around 15 to 16 million vehicles 00:01:28.058 -- 00:01:31.461 produced in Europe per year. 00:01:31.604 -- 00:01:36.711 Overcapacity and the resulting market pressure on the entire industry therefore 00:01:36.711 -- 00:01:38.711 continue. ...