Tessenderlo Group NV (LTS:0KCP)
€ 22.5 0.35 (1.58%) Market Cap: 1.38 Bil Enterprise Value: 1.42 Bil PE Ratio: 16.26 PB Ratio: 0.74 GF Score: 66/100
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Half Year 2023 Tessenderlo Group NV Earnings Call Transcript

Aug 24, 2023 / 01:00PM GMT
Release Date Price: €28 (-6.82%)
Operator

Hello, and welcome to the Tessenderlo Group Half Year Results Call. My name is Laura, and I will be your coordinator for today's event. Please note, this call is being recorded. (Operator Instructions)

I will now hand you over to your host, Stefaan Haspeslagh, to begin today's conference. Thank you.

Stefaan Haspeslagh
Tessenderlo Group NV - Executive Chairman, CFO & COO

Thank you. Good morning, good afternoon or good evening. Welcome to our Tessenderlo Group Conference Call Half Year '23 results from (inaudible). First, I want to take you through the key events of the first half of this year. To start with, the successful combination of Tessenderlo Group and Picanol Group into one large industrial international group. In January '23, Picanol became a business unit in the Machines & Technologies segment of Tessenderlo Group. Machines & Technologies includes Picanol; includes Proferro, which is the casting; and includes Psicontrol, which is our electronics business.

In Akiolis, we have been acquiring Spanish -- the assets of a

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