Rieter Holding AG (0QKA) Q2 2025 Earnings Call

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WEBVTT 00:00:01.921 -- 00:00:08.150 Good morning, ladies and gentlemen. A warm welcome also from my side. 00:00:08.150 -- 00:00:13.638 Here's the agenda. We will briefly look at the key messages, review the market, 00:00:13.638 -- 00:00:18.265 and give you an update on the planned bar mark acquisition. 00:00:18.265 -- 00:00:23.790 I will then hand over to Oliver for a deep dive into the financials. 00:00:24.094 -- 00:00:28.668 Let's turn to the key messages on slide number four. 00:00:28.668 -- 00:00:33.878 I will discuss in the financial part just order intake, sales, and operating 00:00:33.878 -- 00:00:38.988 EBIT. Oliver will walk you through the details on sales, EBIT, 00:00:38.988 -- 00:00:42.494 free cash flow, and net profit. 00:00:42.494 -- 00:00:46.342 So let me start with the green boxes. 00:00:46.342 -- 00:00:49.047 The first half of 2025 00:00:49.047 -- 00:00:54.495 was challenging, to say the least. marked by macroeconomic 00:00:54.495 -- 00:00:57.157 and geopolitical turbulences 00:00:57.157 -- 00:01:02.443 as a result of the Trump administration's trade tariffs. 00:01:02.443 -- 00:01:07.108 We got off to a good start in the business year 2025, 00:01:07.108 -- 00:01:11.793 seeing increased offer activity across the board. 00:01:11.793 -- 00:01:16.055 Also, orders were coming in smoothly. 00:01:16.457 -- 00:01:21.888 But then the massive disruption caused by the trade tariffs brought 00:01:21.888 -- 00:01:27.613 order intake to a grinding halt in the second quarter 2025. 00:01:27.675 -- 00:01:33.741 The uncertainty proved to be toxic for investment decisions. 00:01:34.224 -- 00:01:39.368 The missing order intake in the second quarter of 2025 00:01:39.511 -- 00:01:45.817 consequently translates to missing sales volume in the second half of 2025. 00:01:46....