Lilium N.V. (NASDAQ:LILM) Q4 2023 Earnings Call Transcript

Lilium N.V. (NASDAQ:LILM) Q4 2023 Earnings Call Transcript February 27, 2024

Lilium N.V. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).

Operator: Good day and thank you for standing by. Welcome to Lilium's Full Year 2023 Business Update Conference Call. At this time, all participants are in listen only mode. [Operator Instructions] Please be advised that today’s conference is being recorded. I’d now like to hand the conference over to your first speaker today, Rama Bondada, Global Head of Investor Relations at Lilium. Please go ahead.

Rama Bondada: Good afternoon and good morning, everyone. My name is Rama Bondada, I am Lilium’s Global Head of Investor Relations. For our last webcast, we chose to give you a deep dive on Liliam's battery technology. It gave us an opportunity to give this key technology the attention it deserves and enabled us to answer many of your questions. For today, we're happy to return to a more traditional format and give you a broader update on our overall progress and positioning. There'll be time for questions after the presentation. Please note that a recording of the conference call will be posted on Liliam's Investor Relations page soon after the event. As a reminder, this morning we posted our FY and Q4 2023 shareholder letter on our website.

A modern commercial jetliner in flight, soaring over the German skyline.

We invite you to take a look. Before handing over to our first speaker, let me just point out that our presentation will include forward-looking statements within the meaning of the United States federal securities laws that are subject to risks, uncertainties, and other factors that could cause Lilium's actual results to differ materially from such statements. Please refer to the cautionary statement in our shareholder letter and the risk factors discussed in our filings with the U.S. Securities and Exchange Commission for more information on these risks. With us on the call today, we have our Chief Executive Officer, Klaus Roewe, our Chief Executive Officer, Oliver Vogelgesang, our Chief Commercial Officer, Sebastien Borel. So without further ado, let me hand you over now to Klaus.

Klaus?

Klaus Roewe : Thank you, Rama. Great to join you all on this call. It's been a while. And we've achieved a lot since we last spoke. Ladies and gentlemen, Lilium has again taken significant strides towards certification, production, and entry into service of the revolutionary Lilium Jet. We are proud of what we accomplished in 2023 and the strategic partnerships that we signed both on the operational side with suppliers and with customers for our commercial market entry. Let me start by reminding you one of our most outstanding recent achievements. First of all, we received design organization approval. Liliam has applied for an alpha-designed organizational approval in 2017. And underwent an extensive investigation and review for each core process of the design organization.

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