SCHMID Group N.V. (SHMD) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, we warmly welcome you to the H1 2026 results conference call and webcast of the Schmid Group. I am pleased to welcome the CFO Arthur Schütz and CSO Roland Rettemeier, who will guide us through the presentation shortly, after which we will move on to Q&A session. Before we begin, I'd like to remind everyone that today's discussion will contain forward-looking statements within the meaning of applicable securities laws. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those described in these forward-looking statements. Please refer to our filings with the U.S. Securities and Exchange Commission, including our annual report on Form 20F, for a discussion of these risks and uncertainties. We undertake no obligation to update any forward-looking statements except as required by law. In addition, today's discussion may include certain non-GAAP financial measures. Reconciliation to the most directly comparable gap measures can be found in our earnings materials and findings. And with that, I'm handing over to you, Arthur. Thank you, Mara, and good morning, good afternoon, everyone. I'd like to start by giving you the headline picture of the first half of 2026. In short, this has been six months of significant transformation We've repaired the balance sheet. Our cost program has been executed. We're seeing real momentum in order intake. Let me walk through the four numbers that tell the story. 33 million euros of new net capital was raised to our convertible and SEPA. 31 million euro of debt was reduced to a debt to equity swap announced in May. 4 million Euro of fixed costs were taken out through our sprint program. And 52 million Euro...