SMA Solar Technology AG (SMTGF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you operator and welcome everyone. We very much appreciate that you are taking the time for this investor and analyst call on our first quarter 2025 results. Today in this call is my colleague and SMA CEO Jürgen Reinert. Welcome to the call, Jürgen. Thank you very much, Karwin. This conference call is scheduled for up to 60 minutes and will be recorded. After the management presentation, we will be happy to answer your questions. Today's presentation is available on our Invested Relations website. The replay will also be available on the IR website shortly. Our agenda for today. First, I will give a review of our first quarter figures, followed by an update of the restructuring and transformation program. Last but not least, we'll have a look at order backlog as well as our outlook for the financial year 2025. I expect the presentation part to last about 30 minutes. After the presentation, we are happy to answer your questions. Well, as this is my first earnings call as the CFO of SMA, let me just briefly introduce myself. My name is Kaveh Ruhi, and I'm 46 years old. I joined SMA in July 2024. Prior to SMA, I was working in the international finance and services industry, including a leading strategy consultancy. My focus areas were strategy development, business planning and controlling, as well as M&A. Let me say I'm very excited about that, and I'm very much looking forward to working with you in the future. I refer to our disclaimer on page two. So let's move to page four, financial highlights for the first quarter 2025. Group sales reached 328 million euros and were below last year with 362 million euros in Q1 2024. Large scale continued to perform strongly while home and CNI revenues were still affected by the continuing market weakness and customer stock...