Technoprobe Spa U/Adr (THNBY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening and thank you for joining us. With Stefano Beretta, our CFO, presenting the first quarter 2025 results and the guidance for the second quarter of this year. As usual, Q&A session will follow at the end of the presentation. Revenues recorded in the first three months of the year are in guidance, also mirroring trends of our reference market. So first of all, let's talk about artificial intelligence. Artificial intelligence is confirming an extremely strong trend. We are arriving as leader in the testing of the logic chips. As recently discussed during our capital market day, these architectures, which use sophisticated technology and aggregate components to create single electronic device, require advanced testing solutions based on MEMS technologies. That said, we are assuming a progressive and steady increase in demand for advanced logic testing solutions. Second, the reference market is the consumer market. So more consumer-exposed markets, as expected, posted a slight growth in the first quarter. In fact, we think that they will still suffer from a slower adoption of AI at the edge, which is confirmed to be the real catalyst. Last is the automotive and industrial. Automotive and industrial are still suffering of the ongoing inventory correction, which is expected to continue also for the next month. Based on the visibility we have right now, we confirm our positive view of 2025. So now let me turn to Stefano Beretta, who will give you more colors on our numbers. Thank you, Stefano. Good afternoon, and thank you for joining us. As you will have seen in our press release, our revenue in the first quarter were 127.2 million euro, in line with the midpoint of our guidance, registering an increase of 54.4% compared to the same quarter of prior year. And pr...