PVA TePla AG (0NL1) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to today's earnings call of the PVA Teplar AG following the publication of the figures for the third quarter of 2025 and the first nine months. In a second, CEO Jaline Ketter and CFO Markus Gross will present our results. And after the presentation, as usual, you will have the opportunity to ask your questions in a Q&A session. And having said this, Ms. Ketter, the stage is yours. Thanks, Sebastian. And also good morning from my side to our earnings call of the third quarter. Before we start with the presentation, let me give you some general remarks. The economic situation around us is still challenging and it was getting even worse in the third quarter as it materialized in our operational business at the end of the third quarter. But we also see a very positive development in our order book. and a very good start into the fourth quarter. And what makes me even more positive for that long-term development, we see the first R&D projects that are starting to contribute to our order book with contracts from battery development projects that we started during the year 2024 and 2025. Yeah, so let's have a look to the third quarter. We ended the third quarter with a revenue volume of 55.8 million in revenue. This is significantly lower than we expected before, and we are also not satisfied with that development. That low revenue volume is not related to internal delays in the processing of orders. It's an external effect which is caused by external reasons such as global trade-related uncertainties, which came to delays in the operational timing at our customer side. And it is a temporary situation that we are in. So we did not see any cancellations and we also don't expect any cancellations in that regard. Let me give you ...