Commerzbank CFO Sees Strategy on Track in 1Q Results

The transcript discusses a company's strategic plan and its successful implementation, evidenced by strong financial results. It covers the company's decision to scale back its trading business, the financial performance of various business units, and plans to exit a specific business by setting up a new legal entity. The company is also focused on cost reduction and workforce management, having reduced headcount significantly. Additionally, the company is ahead of its customer growth targets and is open to M&A opportunities to further expand its client base.

What was the main reason for the company's impressive results at the start of the year?

• Reduction in operational costs

• Growth in the trading business

• Expansion into new markets

• A new marketing campaign

How did the ACR business impact the company's financial performance?

• It caused an increase in operational costs

• It led to a decrease in net profit

• It was a major driver of the operating profit

• It had no significant impact

What is the company's plan regarding the EMC business?

• To expand it significantly

• To integrate it with another unit

• To set it up as a new legal entity

• To close it down completely

What strategy is the company using to manage costs?

• Increasing salaries

• Increasing marketing expenses

• Expanding office locations

• Reducing headcount

How is the company planning to achieve its customer growth target?

• By focusing solely on organic growth

• By excluding mergers and acquisitions

• By combining organic and inorganic growth

• By reducing customer service efforts