Traton SE (8TRA) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to Trayton's Q2 2025 results conference call. My name is Ursula Caret and I am Head of Investor Relations at Trayton SE. With me on the call today is Christian Levin, our CEO, who is dialed in from Sweden. Dr. Michael Jagstein, our CFO and CHRO, is here with me in Munich. Christian will start today's presentation with the key results and highlights of the second quarter, And Michael will guide you through the financial performance and our adjusted outlook in more detail. As always, we will conclude the call with a Q&A session, open to financial analysts, investors, and media representatives. Camilla Devon, our head of corporate relations, is available to handle media inquiries. A recorded version of the call will be made available on our Investor Relations website as soon as possible after the event. You can also find our 2025 Half-Year Financial Report, which we published this morning, and the slides to this event on our IR website. Before we start, let me remind you of the disclaimer with respect to forward-looking statements on page 3 of our presentation. And with that, I hand it over to Christian. Great. Thank you very much, Ursula, and welcome, everyone, also from my side. So, as many of you remember back in Q1, we talked about a slow start into the year with declining deliveries, revenues, and margins, but we nevertheless maintained our full-year outlook. Now, in Q2, we see deliveries picking up by a good 9% over Q1, but Year over year, unit sales only grew by 1%. So this, paired with a 2% drop in sales revenues, indicates ongoing market challenges and unfavorable mix effects. In fact, we're facing both a tough and uncertain environment. While we see first signs of improved transportation activities in Europe, registrations are...