Home Money Fuchs SE (FUPBY) Q1 2024 Earnings Call Transcript

Fuchs SE (FUPBY) Q1 2024 Earnings Call Transcript

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Fuchs SE (FUPBY) Q1 2024 Earnings Call Transcript

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Fuchs SE (OTCPK:FUPBY) Q1 2024 Results Conference Call April 30, 2024 6:00 AM ET

Company Participants

Lutz Ackermann – Head of Investor Relations
Isabelle Adelt – CFO & Member of Executive Board

Conference Call Participants

Riya Kotecha – Bank of America
Isha Sharma – Stifel
Konstantin Wiechert – Baader-Helvea
Martin Roediger – Kepler Cheuvreux
Michael Schaefer – ODDO BHF
Lars Vom-Cleff – Deutsche Bank

Lutz Ackermann

Good afternoon, ladies and gentlemen. This is Lutz Ackermann speaking. I wish you a very warm welcome to today’s conference call on the Q1 figures which we released this morning. With me on the call today is Isabelle Adelt, our CFO. And as always, Isabelle will run you through the presentation, which is then followed by a Q&A session. All the documents you can find on the IR section of our home page since 7 a.m. this morning. Having said this, I would like to hand over to Isabelle. Please go ahead.

Isabelle Adelt

Thank you, Lutz. A warm welcome from my side as well to the presentation of our Q1 results. As Lutz said, all information were uploaded this morning, but we would like to take the opportunity to give you a little more insight on how we started into the year. So, if you look at our highlights section, I think what we can say is that we had a good start into the year according to our expectations, and that the good trend we saw in the second half of the year 2023 continued. As already indicated in the call, we had a couple of weeks ago, our guidance and there with our expectations were based on flat pricing compared to the end of last year. And this is what you see reflected in the Q1 numbers now. We have a little lower sales. This was expected, given we have a little bit of a, let’s say, cyclicity within

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