Adecoagro S.A. (0DWL) Q1 2025 Earnings Call

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WEBVTT 00:00:00.537 -- 00:00:04.347 Good morning, ladies and gentlemen, and thank you for waiting. 00:00:04.347 -- 00:00:09.841 At this time, we would like to welcome everyone to ADECO Agro's first quarter of 2025 00:00:09.841 -- 00:00:14.312 results conference call. Today with us we have Mr. 00:00:14.312 -- 00:00:19.518 Juan Sartori, Executive Chairman, Mr. Mariano Bosch, CEO, 00:00:19.518 -- 00:00:24.725 Mr. Emilio Gnieco, CFO, Mr. Renato Junqueira Pereira, Sugar, 00:00:24.725 -- 00:00:30.652 Ethanol and Energy VP, and Mrs. Vitória Cabello, Investor Relations Officer. 00:00:30.652 -- 00:00:35.197 We would like to inform you that this event has been recorded and our participants will 00:00:35.197 -- 00:00:38.782 be in listen-only mode during the company's presentation. 00:00:38.782 -- 00:00:43.622 After the company's remarks are completed, there will be a question and answer section. 00:00:43.622 -- 00:00:47.288 At that time, further instructions will be given. 00:00:47.288 -- 00:00:52.636 Before proceeding, let me mention that forward-looking statements are based on the beliefs 00:00:52.636 -- 00:00:57.384 and assumptions of ADECO Agros Management and on information currently available to the 00:00:57.384 -- 00:01:02.452 company. They involve risks, uncertainties and assumptions because they relate 00:01:02.452 -- 00:01:07.580 to future events and therefore depend on circumstances that may or may not 00:01:07.580 -- 00:01:09.843 occur in the future. 00:01:09.843 -- 00:01:15.632 Investors should understand that general economic conditions, industry conditions 00:01:15.632 -- 00:01:20.659 and other operating factors could also affect the future results of ADECO Agro and 00:01:20.659 -- 00:01:25.046 could cause results to differ materially from those expressed in such...