CENIT AG Q4 2023 Earnings Call Transcript

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

Question: Yannik Siering - - Analyst : Good morning. I just have two questions left and maybe one follow up. And the first one would be on your automotive share, which has increased in your revenues and therefore also the overall share of, let's say, cyclical industries. And should we expect a continuation of this and maybe you can provide some color on what are the sectors with the most dynamic development at the moment, that would be the first one. And then the second one is maybe you can provide an update on your goal that you have stated some time ago to reduce the dependence on your largest customers or clients. And then the last one, just a quick follow up on M&A. The two deals that you have mentioned and they seem to be quite concrete already. And also given that you suspend the dividend mainly due to future M&A? Should we expect a closing here in H1 already, at least for one of the two?

Question: Yannik Siering - - Analyst : H1, sorry.

Question: Yannik Siering - - Analyst : Great. Thank you. That's helpful.

Question: Christoph Hoffmann - - Analyst : Thank you, Sarah, and good morning, Schneck. Hi, just two follow-ups from my side. First would be on the USA operations from I see that you were able to achieve a slightly positive result this year or last year. And I'm wondering how you currently think about your position in North America. Can we expect further steps this year next year? Maybe in my view, this would increase the complexity of the Group a lot. So your thoughts on this would be helpful. And secondly, are you also discussing or thinking about changing the policy. I mean, this is based on the balance sheets figure and net profit. So for example, 50% of EBIT or EPS or something like that. This would be helpful. Thank you.

Question: Christoph Hoffmann - - Analyst : All right. Thank you very much.