Washtec Ag Augsburg (WHTAF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, and welcome to Washtec's conference call on the Q3 results 2025. My name is Kevin Loren, Managing Director at Washtec. And with me today, I have our Chief Operating Officer, Michael Drohlsagen, who will provide an update on the current developments at Washtec, and our Chief Financial Officer, Andreas Papst, who will guide you through the results of the first nine months. Following the presentation, the floor will be open for questions. you may already queue for questions during the presentation by pressing the Pew Q&A button in the webcast and following the instructions. Of course, this call will be recorded and made available on our investor relations website. With that, I'm handing over to our CEO, Michael Drohlzeig. Thank you. Ladies and gentlemen, thank you, Kevin, and a warm welcome to WorkTech HE's earnings call for the third quarter of 2025. My name is Michael Rothsagen. I'm CEO and CTO of WorkTech HE. The figures for Q3 2025, I would like to present to you the most important recent developments. Let's start by looking at the general economic environment in our core markets, the USA and Europe. In Europe, we are seeing the first signs of recovery, but uncertainties remain due to geopolitical risks and protectionist measures. In the USA, new tariffs and a weak dollar are making export conditions more difficult, while demand for capital goods remains stable. Due to the low level of exports to the USA shown in the last call, the risk for Washtec is low. General economic growth is suffering from the current trade barriers, which is also reflected in the lower market forecasts for Europe and the USA for 2026. This means that Washtec faces challenges going forward, such as subdued investment willingness. But given the current order backlog for ...