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: Bastian Synagowitz - Deutsche Bank AG - Analyst
: Hopefully, you can hear me now. Good afternoon. Thanks for taking my questions. So just starting off maybe on the portfolio side and
actually with automotive engineering. And that's been a business which, from memory, I think thyssenkrupp really struggled to handle and
basically sell over almost like probably more than 10 years. So it's really good to see that you're basically making progress here. Could you
maybe give us any color on how far this business has been contributing any losses to your 2025 numbers?
And then also maybe related to this and also related to, I guess, all of the other moving parts, are there any other one-off items we should
be keeping in mind for the first quarter already across the different businesses? This is my first question.
Question: Bastian Synagowitz - Deutsche Bank AG - Analyst
: Okay. Understood. I was also referring -- so first of all, I wanted to check whether there's maybe even like a loss contribution number you
could give us for automotive because I guess, if you're selling it, that's actually very positive because you can basically cut off those losses.
So just if you have that number. And then maybe in terms of one-offs, I guess there were also a couple of articles suggesting that there
were some issues around, for example, the hot rolling line. So is there anything on the operational side, maybe we should be keeping in
mind for the first quarter as a starting point?
Question: Bastian Synagowitz - Deutsche Bank AG - Analyst
: Okay. Sounds good. Fair enough. Then my next question is on (inaudible). And here, I was wondering whether you could maybe give us an
update on the trends you're currently seeing in your different subunits. Do you see maybe any signs of demand picking up in either road
or the plant engineering units where last year has been obviously a little bit more difficult?
I guess, quite frankly, it's not been a great year to take big investment decisions. But do you see whether anything is changing? Or do you
think 2026 will be mostly driven by your big efforts here on cost cutting?
Question: Bastian Synagowitz - Deutsche Bank AG - Analyst
: Okay. Great. Thanks for the color on that. And then maybe my last question, coming back also to the Jindal transaction within the scope of
what you can say versus what you can't say, but could you maybe give us an update here? As it stands, would you lean to possibly retain
a minority stake in the business? I guess there were a couple of headlines from your press conference earlier suggesting that and has the
targeted shareholder structure changed versus, I guess, the earlier starting point of the indicative bid?
And then also here related to that and on the financing of the steel unit, which you announced together, I guess, with the successful
finalization of the restructuring agreement with the unions, how is the financing structured? Have you basically -- have you injected a certain
amount of capital, which the business now needs to run with? Or have you guaranteed any financing requirements until, I guess, the 2030
timeline, which was mentioned in how is this financing structured basically? That would be my question.
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