Thyssenkrupp AG (TKAMY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. This is Andreas Trosch from Investor Relations, also on behalf of my entire team. I wish you a very warm welcome to our conference call on the first half year results of the 2425. With me in the room are our CEO, Miguel Lopez, and our CFO, Jens Schulte, and also my colleagues from the IR team. Before I hand over to the CEO and CFO for their presentations, some housekeeping. All the documents, as usual, are available in the IR section on the website. The call will be recorded and a replay will be available shortly after the call. After the presentations, there will be the usual Q&A session for our cell site analysts. We use Microsoft Teams for the call. In order to ask a question, you have to push the raise your hand icon and we will announce your name and open your line. If you are on mute, you must unmute yourself in addition. And with that, I would like to hand over to our CEO, Miguel Lopez. Thank you very much, Andreas, and also a warm welcome from my side to our Q2 conference call. As usual, first I will provide you with an overview of our latest achievements with regard to our strategic initiatives in the second quarter. to you the financials in detail. Let's start with the first item, portfolio. The planned spin-off of Marine Systems in calendar year 2025 will be a significant move for the business and TUSC Group as a whole. The next step will be the invitation for the extraordinary general meeting that is required for the targeted spin-off. As mentioned in Q1, we have received the cash, approximately 400 million euro, for the sale of TK electrical steel India, which has bolstered our financials. At Steel Europe, we are in the process to finalize the business plan, including the necessary restructuring. Here, actually last week, we achieved an ...