thyssenkrupp AG Q4 2024 Earnings Call Transcript

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

Question: Jason Fairclough - Bank of America - Analyst : Look, thanks very much for the presentation guys. Look, two questions for me. One, I just wanted to make sure I understood the way APEX is feeding through into the financials. So I think you're claiming that you've achieved EUR1.2 billion in EBIT improvement this year, but that seems to be bigger than the EBIT for the full year. So is it fair to say that without a APEX, you would have lost money at the EBIT line this year? That's the first question. Then I'll come back to the other one.

Question: Jason Fairclough - Bank of America - Analyst : Okay. That's helpful. Second question then is just on on the marine disposal. And I think if we go back in time, the KfW had been instructed to take a stake at least to do the due diligence, but ultimately to take the stake in marine before the summer break. Here we are, we're almost at the end of the year. Obviously, there's some political change in Germany. But I guess the question is, is this a deal that can actually happen or is it just something you're going to end up being stuck with because people prefer the status quo?

Question: Jason Fairclough - Bank of America - Analyst : Okay. Thanks very much guys. Appreciate the presentation.

Question: Jason Fairclough - Bank of America - Analyst : So I'm just working my way through the annual report. I'm up to about page 276. And I was wondering if you could maybe just help me out. What I'm trying to get to is some more color around the transaction that you did with Mr. Kretinsky on Steel. And in particular, I guess I was looking to see if there were actually any cash proceeds or even cash outflows associated with that transaction. So if you could point me to the right page in the annual report, it would be really helpful.