Rational Ag Lndsberg (RTLLF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Dear ladies and gentlemen, I'm delighted that you have dialed in into this call and a very warm welcome from my side. My name is Stefan Arnold and I'm joined by my colleagues Nicole Engelhardt, Tobias Stadler and of course our CEO Peter Stadelmann and CFO Jörg Walter. Before we start, as always, a few hints at the very beginning. All participants remain muted during the call. After the presentation, we will go directly over to the Q&A session. Our colleague Nicole will read out the questions that you sent us via email, and your questions will then be answered by Peter and Jörg. Thanks to all of those who sent the questions in advance. This makes, of course, our life a little bit easier, and we hope that the answers will be more helpful for you. If we already gave the answer to one of the questions or to more of the questions during the presentation, or if we already had a comparable question, we then might not repeat the question later on. However, we will make sure that all questions will be answered before we close the call. So this call will be recorded and we will send a YouTube link to all participants after the call. We kindly ask you to not share this link outside your organization. And with this, I hand over to Peter. Thank you, Stefan. Good afternoon, ladies and gentlemen. Let's start with the big elephant in the room, U.S. tariffs. First, a quick reminder on our production sites. We produce 100% of our cooking systems in Europe. The iCombi is produced in Landsberg am Lech, Germany, and the iVario is produced in Wittenheim, France. As we are an assembly-focused company, we heavily rely on our suppliers. More than 95% of purchasing volume comes from European suppliers. Non-European suppliers are located in China, Turkey and Switzerland. You might also know th...