Half Year 2021 Thyssenkrupp AG Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Christian Obst - Baader-Helvea Equity Research - Analyst : First question, I have 3. First question is on CO2 costs. What you currently have to buy? And can you give us an idea about the proximate -- about the impact on costs you expect for the next 2 to 3 years? That would be the first question. Is that okay to go on with the next one is on auto. More taking the longer-term view, there was a long phase of ramping up new plants, restructuring and so forth. Can you give us an idea where we stand currently in terms of utilization and the ramp-up of these plants? Are these plants fully ramped up now and fully operational. And going forward in auto, you are still looking for cooperation or partnerships, at least for some parts of the automotive technology? And the last one is on industrial, especially in bearings. Of course, there will be a strong demand for windmills in the years to come. So how do you plan your capacity for the next 3 to 5 years, let's say? So forget about the short-term incentives from the Chinese. But the longer-term view in bearings, how much do you intend to invest? And what is your capacity planning there? And what is the current bottleneck there?

Question: Christian Obst - Baader-Helvea Equity Research - Analyst : Maybe I have a direct question on that. So -- but you're not -- you're talking about a system approval, which I understand, but you're not investing by yourselves to really to enlarge your system approach. You're looking -- if you are looking for cooperation partnership alliances to get the system approach but they're not heavily investing into that.