AAK AB (publ.) (AAK) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

For the first part of the presentation, participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Today's event will last for 45 minutes. Now I will hand the conference over to the speakers, CEO Johan Westman and CFO Tomas Bergendahl. Please go ahead. Thank you. Good morning, everyone. Thank you for joining us today. And thank you for your interest in AAK. As you heard with me today is also our CFO, Thomas Bergendahl. So with that, please turn to slide number two. What we will cover today is quarterly highlights, selected events, business and financial update, and followed by some concluding remarks from my end. We're scheduled to do this for about 40 minutes, including a Q&A session at the end. And with that, please turn to page three. Just a reminder, this presentation includes forward-looking statements that come with risks and uncertainties. These are our views on future events and financial performance, but actual results may differ. So please keep that in mind when we go over the material. With that, please turn to page number four, starting with the quarterly highlights for Q3 2025. As you've seen in the Q3 report published earlier this morning, we delivered a solid quarter overall, broadly in line with the previous one, with strong operating profit despite somewhat soft volumes. Operating profit in the third quarter increased by 9%. This excludes the year-over-year impact of the hillside divestment, as well as the CEC 85 million currency headwind. When including the effects of currency translation, operating profit grew by 2% compared to the corresponding period last year. Thomas will go over the main drivers behind the FX impact a bit later in t...