Salzgitter Ag Akt Shs (SZGPF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to our analyst conference for the first half of 2025. Before we start, two remarks from my side. First one, this analyst conference will be recorded and afterwards published on our website. The second one, this is an analyst conference. The press is very welcome to listen, but we will only allow questions from participants of the capital market And without further ado, I'd like to hand over to you, Gunnar. Well, thank you very much, Markus. Good morning, everybody in this call. I'm very happy to have you all here and to report to you the first half of this year for the SAIS-GIPTA group. And as usually, we'd like to start with the occupational safety. You know that this is a very important topic for all of us. and I'm very pleased to report that we have started well into this year compared to previous years, hence we are well underway to further reduce the LTIF quota. The target remains to have zero accidents and also all activities ongoing that we also reported on the annual general meeting remain in place and remain under full focus to further reduce the LTAF also going forward. Now, looking at the market environment, We, of course, see that the U.S. tariff policy has further developed now with the overall quota of 50%, however, still remains at 15%. There is an open question still to be answered between the negotiating parties whether there is a quota, a tax-free quota to be implemented but to be seen. So certainly nothing that we are as industry very happy about. We at Salzgitter are not that much Hurt by this tariff, given that our export into the U.S. is limited. Also from the pipe business, there's limited risk, downside risk that we see in that area. But, however, of course, it adds to the overall uncertainty that we see in the ma...