Reunert Ltd Unsp/Adr (RNRTY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thank you for joining us today. Before I even start, let me first of all just acknowledge the people in the room here with me. Thank you for being here this morning. It's a great team that works tirelessly to get the results ready, and we thank them for that. So before I get into the detail of the presentation, I think it is important to ground today's discussion. We're focusing on the first half of 2026. We provide short-term prospects for the full year, but then I want to move the conversation into our longer-term focus. The first half was disappointing, and I share that plainly. We don't intend to over-explain the results. That is below the level that we expect from our businesses. But we also need to be fair and recognize the context behind it. Mark will take you through the financial performance in detail, so I don't want to preempt every number. So I'll touch on the part of the conversation that we want to get to around what are we doing about it now that we think about the business. As you're aware, I started in the company on the 1st of Feb, working with Alan Dixon, and appreciation to Alan Dixon. I've said that a couple of times over, Alan, for everything you've done in helping me integrate into the company. I fully appreciate it, and it's been a privilege to work alongside you. So we are moving into the next phase, and we are going to focus on a couple of other areas of what we want to think through in terms of the medium term. So we are about to resolve today the objective about the causes, but we're also respectful to the teams who manage through these difficult conditions. We have 17 businesses in Reunert, and they represent three segments, electrical engineering, ICT, and applied electronics. and we employ almost 6,500 people...