Sgl Group Ord (SGLFF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.637 A very warm welcome to our today's conference call from our 00:00:05.637 -- 00:00:11.264 side, from SEL side. Today, as usual, Andreas Klein, our CEO, 00:00:11.264 -- 00:00:16.710 and Thomas Dippelt, our CFO, will give you a detailed overview about the first 00:00:16.710 -- 00:00:19.093 quarter 2025 00:00:19.093 -- 00:00:22.256 and our expectations for the upcoming months. 00:00:22.256 -- 00:00:27.983 We will also comment on the restructuring measures already implemented 00:00:27.983 -- 00:00:33.230 in the carbon fiber business unit. After the presentation, we are looking forward 00:00:33.230 -- 00:00:39.298 to answer your questions. Now I hand over to our CFO, Thomas De Poldt. 00:00:39.298 -- 00:00:41.862 Hello, everybody. This is Thomas De Poldt. 00:00:41.862 -- 00:00:45.406 It's a pleasure for me to guide you through 00:00:45.406 -- 00:00:48.991 our key figures for the first three months of this year. 00:00:48.991 -- 00:00:53.993 And as anticipated, and as we also I told 00:00:53.993 -- 00:00:59.881 you the last time when we presented our full-year figures for the year 2024, we expected 00:00:59.881 -- 00:01:04.907 some lower demand, especially from the semiconductors industry in this year. 00:01:04.907 -- 00:01:09.192 And this is exactly what you can see in our performance over the first three months of 00:01:09.192 -- 00:01:14.459 this year. Our sales dropped by €38 million, which is minus 14%, 00:01:14.459 -- 00:01:16.001 even 00:01:16.001 -- 00:01:19.225 though some currencies were even favorable for us. 00:01:19.225 -- 00:01:23.782 So if you adjust it for currencies, it's even minus, almost minus 15%. 00:01:23.782 -- 00:01:26.603 and we now reach €234.3 00:01:27.567 -- 00:01:33.033 million in our top line. And also our EBIT...