Rieter Holding AG (0QKA) Q4 2023 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.874 Good morning, ladies and gentlemen. 00:00:02.874 -- 00:00:07.360 Good morning. Also a warm welcome from my side. 00:00:07.360 -- 00:00:12.206 Before I begin the presentation, let me draw your attention to the picture on the cover 00:00:12.206 -- 00:00:18.013 page. Here you see the new AirJet spinning machine, J70. 00:00:18.013 -- 00:00:23.119 This is our latest weapon in the fight to stand out from the competition 00:00:23.119 -- 00:00:27.182 and to further expand our market leadership. 00:00:27.404 -- 00:00:33.013 First, Let me start by briefly giving you an overview of what happened 00:00:33.013 -- 00:00:35.437 in 2023. We 00:00:35.437 -- 00:00:40.624 started the year with a large order backlog and our key focus was 00:00:40.624 -- 00:00:45.230 to deliver this backlog on time and cost. 00:00:45.230 -- 00:00:51.118 However, our supply chain readiness was not yet at the requested level. 00:00:51.118 -- 00:00:55.985 We still had missing material from some key suppliers. 00:00:55.985 -- 00:00:58.267 In February 2023, 00:00:58.267 -- 00:01:03.594 The earthquake in Turkey was not only a tragedy for the people and customers 00:01:03.594 -- 00:01:08.080 there, but also for our business. 00:01:08.080 -- 00:01:13.988 The textile exhibition ITMA in Milan in June 2023 was a resounding 00:01:13.988 -- 00:01:19.396 success for ITMA. The reservation lists for all new machines 00:01:19.396 -- 00:01:23.663 were fully booked within only a few days. 00:01:23.663 -- 00:01:26.506 At the beginning of July 2023, 00:01:26.506 -- 00:01:31.311 we have successfully closed the sale of land in Winterthur. 00:01:31.311 -- 00:01:34.474 And also in July 2023, 00:01:34.474 -- 00:01:39.740 we announced the performance program Next Level, which should bring us 00:...