The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Maxime Kogge - ODDO BHF Corporate & Markets, Research Division - Analyst
: You got the first question nalo you already gave a lot of details. You have previously guided for EUR 400 million to EUR 420 million of energy cost
this year, are you able to update that figure?
Question: Maxime Kogge - ODDO BHF Corporate & Markets, Research Division - Analyst
: Okay. So on that basis, we should be around EUR 200 million, EUR 300 million for the full year. Yes. To be on the safe side, yes. Okay and second
question is on the metal results. This was a constituent of the gross margin that was a bit weak in Q2 in compares to TCRs and Premier. And it's
always a bit of a black box, although you provide more disclosure now on this item than in the past. So could you perhaps help us understand the
evolution of this constituent over the next quarters?
Question: Maxime Kogge - ODDO BHF Corporate & Markets, Research Division - Analyst
: Okay and just the last one on cash flow. So cash flow was broadly neutral in Q2 that followed a quite weak Q1, Q3 might perhaps be again weak,
given the maintenance down at Pirdop. So is it possible to get a view on net debt evolution for Q3 and Q4? And otherwise said to have a kind of
guidance for cash flow before CapEx for the full year?
Question: Christian Obst - Baader-Helvea Equity Research - Analyst
: Two smaller questions. One is on net interest, do you expect to be net interest positive like you have seen in the first half also for the entire year.
Next one is on the tax rate, quite low around the 21%. Do you also expect that to remain at that level in the course of the year and going forward?
And then I have a follow-up.
Question: Christian Obst - Baader-Helvea Equity Research - Analyst
: First question was about the net interest payment. So it was positive. So it was approximately EUR 5 million when I'm right, it is my calculation here
and then -- do you expect something like that also going forward, obviously, high cash out going forward that you are going into the negative
territories there? -- end of the year or going into...
Question: Christian Obst - Baader-Helvea Equity Research - Analyst
: Okay and the last one is a little bit strategic planning there tank house, plus 50% capacity. You mentioned always in your release, strategic options
also for the entire group. Can you give us a short overview where you see these strategic options when you have a large take hold by 50%...
Question: Christian Obst - Baader-Helvea Equity Research - Analyst
: You planning to use prematerial from the U.S. for the stakeholder.
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