Verbund Ag Ord (OEZVF) Q4 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.858 Ladies and gentlemen, welcome to the Verbum Dei Gei full year 2024 conference call. 00:00:05.858 -- 00:00:09.263 I would like to remind you that all participants will be in this only mode and the conference 00:00:09.263 -- 00:00:13.268 is being recorded. The presentation will be followed by a Q&A session. 00:00:13.268 -- 00:00:17.333 You can register for questions at any time pressing star and one on your telephone. 00:00:17.333 -- 00:00:20.077 For operator assistance, please press star and zero. 00:00:20.077 -- 00:00:23.842 The conference must not be recorded for publication or broadcast. 00:00:23.842 -- 00:00:26.745 At this time, it's my pleasure to hand over to Peter Coleman. 00:00:26.745 -- 00:00:29.086 Please go ahead. 00:00:29.393 -- 00:00:35.538 Thank you very much. I'm here with Andreas Wollein, Head of Investor Relations and Finance. 00:00:35.538 -- 00:00:40.582 We will do this presentation together. Ladies and gentlemen, welcome to 00:00:40.582 -- 00:00:44.145 the presentation of our 2024 results. 00:00:44.145 -- 00:00:48.549 And let me thank you for joining today's conference call. 00:00:48.549 -- 00:00:54.034 Before we move into the analysis of our business development, 00:00:54.034 -- 00:00:57.655 let me make a few general comments. 00:00:57.797 -- 00:00:59.802 In 2024, 00:00:59.802 -- 00:01:04.908 The verbund results were down compared to 23, 00:01:04.908 -- 00:01:09.874 but still high in a historic context due to normalizing 00:01:09.874 -- 00:01:15.841 conditions in the energy industry following the gas price shock 00:01:15.841 -- 00:01:20.605 after the outbreak of the Russia-Ukraine conflict. 00:01:21.188 -- 00:01:26.214 As you know, the past financial years proved to be challenging for the entire 00:01:26.214 -- 0...