Schaeffler Ag Ord (SCAFF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, I'm very happy to welcome you to our today's call on the financial results, Q1 2025. The press release, the following presentation, and our interim statement have been published today at 8 a.m. CET on our investor relations homepage. And for sure, we will provide a recording and a transcript of this webcast after the call on our website. I would like to apologize for the small delay. but we don't want to lose more time. That's why I would basically ask you to take notice of our well-known disclaimer, but I will not go through. And if we take a short look at our agenda, today, Klaus Rosenfeld, our CEO, and Klaus Bauer, our CFO, they both have joined the conference call to guide you through the key information in our presentation. And of course, afterwards, both gentlemen will be available for our Q&A session. And now, without further ado, let me hand over to our CEO. Thank you very much, Heiko. Ladies and gentlemen, thanks for joining the call. As you have seen from the deck that we provided to you, we have slightly changed the structure, incorporating your feedback that you want to have more time for Q&A and also less overlap between the different sections. So I will start with overview and business performance, and then Klaus will continue with the financial performance. You have also seen that we have, after now, Vitesco is fully consolidated, and after you have received the performer results for each quarter 2024, decided to focus a little bit more on the new structure and give you more insight on the four divisions. Last comment I would like to make, I would assume that most of you have somehow received my speech at the annual general meeting where I laid out the concept of the three hedges. We also had that in meetings in London and as you ...