q.beyond AG (QSCGF) Q2 2026 Earnings Call Transcript

Yes. Thank you, Mara. Yes, welcome, everybody, to the Q2 call. As usual, Nora and myself will present it. I will start with a short introduction and setting the scene, and Nora will give you more insights into the Q2 numbers. Yes, we called it the accelerated AI transformation in Q2. So what's the current status? We are better with AI and the AI progress as planned, but still, we are, let's say, suffering a weak demand from our clients from the German or European Mittelstand. Adjusted EBITDA is as previous level, if you count the EUR 1 million or EUR 900,000 transformation costs we invested in transferring our service desk to Romania and puts AI technology in it. So we have EUR 2.5 million EBITDA, EUR 43 million revenues and net income of breakeven level. For us, it's not -- I would say it's disappointing. So we planned different numbers and a different performance, and one part is, for sure, it's the economy, one part. The other part, it's ourselves. I will come to that later. Good