The start of 2023 has also brought a breath of fresh air to our German sites in Lindau and Biberach. On the first of January, Liebherr-Electronics and Drives GmbH came into being as a result of a merger of the two locations of the Liebherr Group's components product segment. This is a milestone that bundles our core competences into a uniform portfolio to master future challenges.

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When reused, heavy parts do not have to be melt down again, which saves much energy. At the same time, the demand for primary raw materials decreases. Detailed studies have shown that we are able to reduce our CO2 footprint by 750 kg per engine. Extrapolated to 10,000 engines, this adds up to 7,500 t! This is equivalent to the amount of climate-relevant emissions emitted on over 1,500 flights from Frankfurt to Vancouver. We constantly expand and improve the Reman programme to make it even more efficient.

There it is - the 10,000th engine that we have refurbished in Ettlingen so far. Combustion engines have been part of our Reman portfolio for over fifteen years. These are used to power construction machinery, mobile and maritime cranes. The remanufactured gas engines, in turn, find there use in decentralised energy generation. Our customers benefit from cost savings and long-term availability of spare parts through remanufacturing; and the environment benefits from CO2 emission reduction: