Rieter Holding AG (0QKA) Q2 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.398 -- 00:00:04.259 Good morning. 00:00:04.882 -- 00:00:09.727 Ladies and gentlemen, also a warm welcome from my side. 00:00:09.727 -- 00:00:14.792 First, let me start by briefly giving you an overview of what happened 00:00:14.792 -- 00:00:18.354 in the first half of 2024. The 00:00:19.457 -- 00:00:23.061 cover slide is still the same like in March. 00:00:23.061 -- 00:00:27.233 It shows our air jet spinning machine J-70. 00:00:27.233 -- 00:00:32.700 We unveiled the J70 last year at the industry's largest fair, ITMA, 00:00:32.700 -- 00:00:37.846 in Milan. In June 2024, we then announced that we will install 00:00:37.846 -- 00:00:43.092 the world's first ever complete air jet spinning system with J70 00:00:43.092 -- 00:00:44.574 technology 00:00:44.574 -- 00:00:48.739 at Guangxi Baisheng Textile Company in China. 00:00:48.739 -- 00:00:54.646 So, the future is no longer a plan, but it has become reality. 00:00:54.646 -- 00:00:59.775 This sale also reflects the strength of our product portfolio, 00:00:59.775 -- 00:01:02.558 which is designed around automation, 00:01:02.558 -- 00:01:06.062 digitization, and recycling. 00:01:06.062 -- 00:01:11.387 In the fiercely competitive markets in which we operate, this meets a key need 00:01:11.387 -- 00:01:13.289 of our customers. 00:01:13.289 -- 00:01:18.875 Customer interest at the ITM exhibition in Istanbul in June 2024 00:01:18.875 -- 00:01:23.060 confirmed our innovation approach. RoboSpin, 00:01:23.060 -- 00:01:28.405 our automatic piecing robot, was the centerpiece of our exhibition 00:01:28.405 -- 00:01:33.192 and was sold for the first time on the Turkish market. 00:01:33.192 -- 00:01:38.461 In further confirmation of our innovation strategy, we just received a follow-up order 00:01:38.461 -- 00:01:42.106 f...