SMA Solar Technology AG (SMTGF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the SMA Solar Technology AG Half-Year Financial Results 2025. I'm Moritz, the course call operator. I would like to remind you that all participants will be in a listen-only mode and the conference has been recorded. The presentation will be followed by a question and answer 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 Kaveh Rui, CFO. Please go ahead, sir. 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 half year 2025 results. With me today in the call is my colleague and SMA CEO, Jürgen Reinet. Welcome to the call, Jürgen. Thank you, Kai. 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 investor relations website. The replay will also be available on the website shortly. Our agenda for today. First, I will give a review of our first six months figures followed by an update on the restructuring and transformation program. Last but not least, we'll have a look at order backlog as well as our outlook for this financial year 2025. I expect the presentation part to last about 30 minutes. After the presentation, we are happy to answer your questions. I refer to our disclaimer on page two. So let's move to page four, financial highlights for the first half year 2025. Group sales reached 685 million euros and were below last year with 759 million euros in the first half 2024. In the large-scale and project solution ...