Wacker Chemie Ag Ord (WKCMF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Wacker Chemie conference call on Q1 2025. I am Sandra, the chorus call operator. I would like to remind you that all participants will be in listening mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Jörg Hofmann, Head of Investor Relations. Please go ahead, sir. Thank you, operator. Welcome to the Wacken Chemie AG conference call on the Q125 results. Dr. Christian Hartler, CEO, and Dr. Tobias Ohler, CFO, will take you through our prepared slides momentarily. The press release, our presentation, and the detailed financial tables are available on our webpage under the caption, Investor Relations. Please note, that management comments during this call include forward-looking statements involving risks and uncertainties. We encourage you to review the Safe Harbor Statement in today's presentation and our 2024 AD report regarding risk factors. All documents mentioned are available on our website. Chris? Welcome, everyone, to our conference call on the first quarter of 2025. The performance of our operating businesses was in line with our expectations. Considering the overall market environment, we have made a good start to the year. Sales in the first quarter of 2025 came in at 1.48 billion euros, at slightly below last year's level and substantially higher than the previous quarter due to typical seasonality. The reported Group EBITDA came in at 127 million euros and was well below last year's result of 172 million euros. This decline was p...