Salzgitter Ag Akt Shs (SZGPF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to our Q1 earnings call. My name is Markus Heitler. I'm the head of investor relations at Salzgitter AG. Joining me today are my colleagues, Verena and Jan, and obviously most relevant, our CFO, Birgit Putrafki, who will be available to answer questions after a brief introduction statement. I look forward to engaging discussions and without further ado, I'll hand to you, Birgit. Thank you, Markus. And a warm welcome from me to you out there as well. Happy that you take your time to listen to us. Actually, it's not such a long time since we spoke last time. It's only seven weeks ago, and this was when we published our annual report. And actually, I guess it may feel a lot longer than just a few weeks, because we all may think these days that the world changes significantly every single day. Just to give a few examples which are keeping us all very busy. For example, the noise around the trade tensions and the impact of the US administration's tariff policy are of high interest to all of us. And then there is also some lingering uncertainty about how the new German government will address the key economic challenges through concrete measures. And we are very positively looking at that and waiting for that. And third, of course, unfortunately, there are some more subdued economic forecasts for the major economies just recently. So while the environment also for us remains quite challenging to predict and of course very volatile, we believe that our first quarter results underpin the outlook for the full year 2025. We see the assessment we made in March confirmed by the reported figures for the first quarter. As expected, the sales are below the previous year's level and this decline is mainly due to three factors. Firstly, the contribution ...