Stratec SE (0RAR) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome everyone to our Q1 twenty twenty six Financial Results Conference Call. With me as usual are Markus Weilsenjar, CEO of Stratec as well as our CFO, Tanja Bischel. As usual, following the presentation, we will have our question and answer session. Be aware that this conference is being webcast live and you can download the presentation either from the webcast or from our website. And last but not least, please allow me to draw your attention to our Safe Harbor statement, which we have on Page two of that presentation. And this is now my pleasure to hand over to Markus. Good morning and good afternoon, ladies and gentlemen. Welcome to our Q1 disclosure call. Let me briefly walk you through the quarter in a glance or at a glance. First of all, we had a soft start into the year. I hope we managed to not surprise you with that. We have mentioned that in a variety or during a variety of occasions. However, definitely worth discussing what's happened here. First of all, we think this compares to strong comps in 2025. On the other hand side, we had a solid instrument business on the other side. And that was like we actually saw that for more than three months now that the start in the year is going to be soft as far as revenues with development activities as well as particularly our service parts and consumables business, which tends to become more and more back end loaded over the year. The reason is that and actually, we are trying to work against that over the last four, five years. And we are trying to pull things into the early months of the year. However, the observation is that over the past three, four years, it could actually waivers. And even this year, it gets worse, quote unquote, worse than it used to be the case in 2025 and 2024. We see that there are en...