Sulzer Ltd (0QQ9) Q2 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.918 Welcome to our mid-year results presentations. 00:00:03.918 -- 00:00:08.903 With me I have our CFO Thomas Zickler. 00:00:13.494 -- 00:00:19.260 We are very happy to report to you a good H1 2024. 00:00:19.302 -- 00:00:21.004 our results 00:00:21.004 -- 00:00:26.350 are encouraging also in the light of the economic development 00:00:26.350 -- 00:00:31.696 around the world. You see that in 2024 we have recorded 00:00:31.696 -- 00:00:36.701 a very good order intake growth and that is particularly 00:00:36.701 -- 00:00:41.246 remarkable because in the first half 2023 we 00:00:41.246 -- 00:00:45.993 had an exceptionally high order intake growth. 00:00:45.993 -- 00:00:51.821 So the baseline with which we had to compare was quite ambitious. 00:00:51.821 -- 00:00:56.989 Also, we see good sales development. And the interesting thing there is 00:00:56.989 -- 00:01:02.116 the sales development is good in all three regions, as is the order intake 00:01:02.116 -- 00:01:07.581 in all three regions and in all three divisions. 00:01:07.885 -- 00:01:13.390 When we look at our profitability, we have increased our profitability up 130 00:01:13.390 -- 00:01:18.374 basis points compared to the first half year of 2023. 00:01:18.374 -- 00:01:21.537 Also there, an additional comment that is of importance. 00:01:21.537 -- 00:01:27.002 Of course, with our strategy 2028 and all the measures that we are taking 00:01:27.002 -- 00:01:32.007 to execute our strategy, we also have additional costs, which are also one-off 00:01:32.007 -- 00:01:37.011 costs. But we record them all as operational costs and not as 00:01:37.011 -- 00:01:39.274 non-ops. Nevertheless, 00:01:39.274 -- 00:01:40.916 our profitability 00:01:40.916 -- 00:01:46.222 increased. This is also the c...