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

On the other side, when we are going to entry into service in ‘26 and maybe some of our competitors are going to do, I believe there will be such a storm in the market there will be such a demand that it’s more a supply-driven market than a demand-driven market. And everybody will have to ramp up their production and by my past experience, I can tell you I know what it means. So we are not going to expel hundreds and thousands of aircraft immediately. So I’d rather believe it would be more the distribution market for a couple of years and Lilium being in a very comfortable position because we are not another me too product like many others is. We are a USP and we also have a good trajectory in terms of developing our product further where others will just have limits in terms of range extension that we don’t have.

So I’m not concerned. I’m wishing everybody well. So yes, we are kind of in a competition But I would not say Lilium is not in the first place in this competition. So I’m really not worried about it. And again, it will be a more sales or a supply-driven market than the demand-driven market.

Rama Bondada: Great. Thanks Klaus. Nadia, do we have any other questions?

Operator: From at this moment, we do not have any further questions on the phones.

Rama Bondada: Great. Well, so then I guess we are going to end. This concludes our 2023 business update. We look forward to speaking with you before our next quarterly update in May. Please check our website for industry and industry events we will be attending and, in the meanwhile, if you have any questions, please reach out to the Lilium Investor Relations team. And once again, thank you so much for your participation today. And have a great day.

Operator: That does conclude our conference for today. Thank you for participating. And you may now all disconnect. Have a nice day.