Q3 2024 Novem Group SA Earnings Call Transcript
Ladies and gentlemen, welcome to the Q3 2023-'24 results of Novem Group, which will be presented by the CEO, Markus Wittmann; and CFO, Dr. Johannes Burtscher. I'm [Mobus the Chorus Call] operator. I would like to remind you that all participants will be in a listen-only mode. The presentation will be followed by a question-and-answer session. (Operator Instructions) At this time, it's my pleasure to hand over to Markus Wittmann. Please go ahead.
Yeah, thank you. Good afternoon, ladies and gentlemen, and welcome to Novem's quarter three result presentation. In quarter three, we generated a revenue of EUR138.7 million. And compared to last year's quarter three, we are falling short by minus 16.9%. As in previous quarters, some market and trading conditions remaining challenging across all regions, especially in Europe.
European customer expected long holidays during the Christmas season. And in addition to sites, some OEMs deploying short-time work and cutting their production by reducing shifts. Besides these
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