ElringKlinger AG (OTCPK:EGKLF) Q3 2024 Results Conference Call November 12, 2024 9:00 AM ET
Company Participants
Thomas Jessulat – Chief Executive Officer
Conference Call Participants
Marc-Rene Tonn – Warburg Research
Akshat Kacker – JPMorgan
Michael Punzet – DZ Bank
Thomas Jessulat
Yes. Ladies and gentlemen, hello and good afternoon. I welcome you to our earnings call today on the Third Quarter of 2024. As usual, I’ll provide a detailed look into the results from the third quarter. First, I will briefly highlight some key developments from the first 9 months of 2024, including the transaction to divest to group companies that was signed and announced one month ago.
Then I will present and discuss the financial figures of the third quarter and close with some comments on the remainder of fiscal year 2024. At the end, as usual, you have the opportunity to ask questions, and I am pleased to answer them. To start with implementing our transformation strategy, SHAPE 30 is our focus. After publishing the strategy earlier this year, we have taken significant steps forward in transforming the EK group further and more so on the way.
One of these steps is the divestment of two group companies in order to focus our product portfolio. I will comment on the transaction and its financial implications in a moment. In fuel cell technology, our joint venture EKPO unveiled the new NM20 stack module at the international auto show transportation. The NM20 is EKPO’s most powerful fuel cell module yet, delivering 400 kilowatts with a high level of efficiency. The stack power density has been significantly increased compared to the previous stack generations. This technology platform is being supported by the Federal Ministry for Digital and transport as well as the Ministry for Environment, climate and energy sector of the state of Baden-Wurttem-berg within the first wave of
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