Rheinmetall Ag Unsp/Adr (RNMBY) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.378 Thank you very much. Good afternoon, ladies and gentlemen. 00:00:04.378 -- 00:00:09.923 A very warm welcome to the conference call of Q1 of 2025. 00:00:10.266 -- 00:00:14.292 My colleague Klaus Neumann and myself 00:00:14.292 -- 00:00:18.479 will give you an overview about the first quarter. 00:00:18.479 -- 00:00:23.847 Please take care on page number two, the disclaimer that 00:00:23.847 -- 00:00:25.750 we added. 00:00:25.750 -- 00:00:28.374 Now let's go to slide 00:00:28.374 -- 00:00:33.832 number three. So here you have an overview about the quarter one, and 00:00:33.832 -- 00:00:36.396 you see the group highlights. 00:00:36.396 -- 00:00:41.804 Very positive is that on the defense side, the sales growth is 00:00:41.804 -- 00:00:44.665 plus 33%, where 00:00:44.848 -- 00:00:48.233 on the defense side, we made 1.795 00:00:48.233 -- 00:00:53.260 billion sales. On the group side, plus 46%, 00:00:53.260 -- 00:00:55.541 up to 2.305 00:00:55.584 -- 00:00:57.288 billion. 00:00:57.288 -- 00:01:02.655 Operating results on the defense side is growing faster than 00:01:02.655 -- 00:01:06.500 the sales with plus 96% to 206 00:01:06.500 -- 00:01:11.767 million. But you see also that our civilian business is a very flat 00:01:11.767 -- 00:01:17.495 business and also by far not profitable than the defense business. 00:01:17.495 -- 00:01:22.802 Operating margin on the defense side for a first quarter, a record 00:01:22.802 -- 00:01:24.902 of 11.5%. 00:01:25.570 -- 00:01:27.072 And 00:01:27.072 -- 00:01:33.196 on the group side, on the operational margins, 8.7%. 00:01:34.499 -- 00:01:40.085 One of the critical things at the moment in Europe is that a lot of companies 00:01:40.085 -- 00:01:44.229 do not get enough people. We got in Q1 70,000 00:01:...