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: Michael Kuhn - Deutsche Bank AG - Analyst
: Good morning. Thanks for taking my questions. Essentially two maybe three. You commented already on your project pipeline, whether the number
is up but the total value is down and let's say, the refocusing and streamlining on the pipeline. Regarding the US specifically where the time window
has opened again, what's -- let's say, what timing would be needed to meet that time window and accordingly, what would be the time window
when we could expect order intake for you to be reported?
Question: Michael Kuhn - Deutsche Bank AG - Analyst
: I would say one by one, ideally.
Question: Michael Kuhn - Deutsche Bank AG - Analyst
: All right. And on, let's say, the number of projects up and value down, I mean, you mentioned a streamlining of the pipeline in the Middle East. Was
this the major factor behind that development, or were there other, let's say, major projects that dropped out of the pipeline as well?
Question: Michael Kuhn - Deutsche Bank AG - Analyst
: All right. Then one on profitability. Obviously, your workload in green hydrogen is coming down now and accordingly also the fixed cost absorption.
Is there any short-term measures you can take you to, let's say, limit the potential losses in that area? Or let's say, what is your game plan in terms
of cost containment over the next few quarters until hopefully the workload picks up again?
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AUGUST 13, 2025 / 6:00AM, NCH2.DE - Q3 2025 thyssenkrupp nucera AG & Co KgaA Earnings Call
Question: Michael Kuhn - Deutsche Bank AG - Analyst
: Perfect. And last question, promise. Any news from Spain? Because that, let's say, used to be on top of the agenda over the past few months and
I think I haven't heard anything or any update on it today.
Question: Michael Kuhn - Deutsche Bank AG - Analyst
: Excellent. Thank you.
Question: James Carmichael - Joh Berenberg Gossler & Co KG - Analyst
: Hi. Excuse me, morning guys. Thanks for taking my questions, excuse my throat there. Just had a quick question, I guess, on the sort of the outlook,
you're obviously not going to give us guidance for next year, we're just looking at sort of where consensus is in terms of sales versus the backlog
and just sort of wondering how confident you are in getting enough orders in in the near-term to sort of sustain market expectations essentially?
And then just a quick follow-up on Spain, just wondering whether your comments there, sort of, impact the capacity reservation agreement you've
got in place with Moeve? And then just on the sort of the product outlook, I forget the exact timing on the sort of scalum 2.0 module that you're
working on. We're just wondering what the status is there and what impact the acquisition of the Green Hydrogen Systems portfolio will have on
that? Thanks.
Question: James Carmichael - Joh Berenberg Gossler & Co KG - Analyst
: Thanks very much understood.
Question: Klaus Ringel - Oddo BHF SCA - Analyst
: Thanks for taking my question. Actually it's just two topics as a reminder. Maybe starting with the impact of US tariffs on your business would be
the first one. And the second one, the impact of the big moves we have seen in FX recently and yes, how you may be able to counter this. Thank
you.
Question: Klaus Ringel - Oddo BHF SCA - Analyst
: Okay. That's what I meant, yes.
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