Fuchs SE (OTCPK:FUPBY) Q3 2024 Earnings Conference Call October 30, 2024 7:00 AM ET

Company Participants

Lutz Ackermann - Head, IR

Isabelle Adelt - CFO

Conference Call Participants

Matthew Yates - Bank of America

Martin Roediger - Kepler Cheuvreux

Konstantin Wiechert - Baader-Helvea

Michael Schaefer - ODDO BHF

Sebastian Bray - Berenberg

Isha Sharma - Stifel

Lutz Ackermann

Yes. Good afternoon, ladies and gentlemen. This is Lutz Ackermann speaking. On behalf of Fuchs SE, I wish you a very warm welcome to today's Conference Call on the Q3 Figures.

With me on the call today is Isabelle Adelt, our CFO and as always, Isabelle will run you through the presentation in a second. Afterwards, we will have a Q&A session. All the documents you can find on the homepage under the IR section since 7 A.M. this morning.

Having said this, I would like to hand over to Isabelle. Isabelle, please go ahead.

Isabelle Adelt

Thank you, Lutz, and warm welcome from my side as well. I'm happy to introduce to you the results as of September year-to-date as well as our third quarter. I think what we can report, looking at the highlights of our performance, we closed a very strong third quarter as well as a very strong year-to-date performance, especially given the challenging market environment we're in, in Germany, but globally as well.

So, looking at the three numbers here, my highlights would for sure be that sales is on prior year level. So, only reason why it sounds likely is currency effects, the translational effects, but volume year-to-date -- volumes are up, which is explicitly great looking at how challenging the market environment is.

So, across all regions, we saw volumes picking up, which is majorly due to the excellent work of our sales team of winning over new