Sfc Energy Ag (SSMFF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the SFC Energy publication of the quarterly report Q3 2025 conference call. I am Valentina, the Coral School operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and 0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Dr. Peter Podesa, CEO. Please go ahead. Thank you very much, Valentina, for the introduction. Good morning, ladies and gentlemen, and thank you for joining us in this call, presenting our Q3 and nine-month figures, as well as an overview of the business right now. Together with Daniel, we will lead you through all the key figures, but also key facts relevant to the nine-month period right now, but also naturally onto the outlook. And thereafter, we will be happy to answer all your questions. No question. We are looking back to a soft quarter. We're looking back also to a challenging period here in the business. We have to say, as also anticipated, as this was one of the key reasons why we saw ourselves obliged, to bring down the guidance back in Q3 at the end of July. But Nathalie, starting with this point, I think we want to give you, let's say, a solid and concrete analysis on this. If we look at the development here in the first nine months, we see a slower growth than originally planned in core parts of the business. And if we look into the main reasons of deviations, I think we have to start off with the biggest impact on the defense business in India. We saw a postponement of the follow-on programs here f...