Aalberts Indus Nv Ord (AALBF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody. Welcome to our first half 25 results publication. It's great to see so many of you joining this webcast online. I'm happy to introduce to you our CEO, Stefan Simonetta, and our new CFO, Frans den Houten. Stefan will kick off the presentation with some business highlights. This will be followed by Frans, give an update on our financial developments stefan will finish the presentation with an update on our strategy and this will be followed by a q a session please note that the today's webcast and the presentation will be made available later today on our website please Let me introduce Stéphane to kick off the presentation. Thank you, Rutger. Good morning, everyone. Let's start this presentation by giving you a business highlight to tell you how was the first half and give you also an operational update for each of our segments before heading over to France about the financial developments. And I would like to start with a few key messages to summarize the situation where we are. As you have seen this morning in our press release, our first-half performance has been impacted by the market headwinds and by the increased uncertainty due to the global trade policies. This has an impact into our organic growth, and that's why, as a key message of today, we are adjusting our full-year outlook to reflect the market conditions. But we continue to take action on what we can do to protect our EBITDA margin, to optimize our free cash flow. And we have made good progress on our strategy with three value acquisition that we will be sharing later today, two in the U.S., one intended in Southeast Asia for our Semicon. At the same time, we are still actively looking at our divestment program to simplify our portfolio, especially within our building and indus...