Aperam Sa Ord (APMSF) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.267 -- 00:00:05.319 Welcome to Aperam Q1 podcast. I am Tim Di Maolo, Aperam CEO, 00:00:05.319 -- 00:00:09.608 and I wish you a good start of the day. 00:00:09.608 -- 00:00:14.720 Together with Sud Sivaji, Aperam CFO, I will be discussing our first quarter 00:00:14.720 -- 00:00:20.045 performance, current trading, and the outlook for the second quarter. 00:00:20.045 -- 00:00:22.868 We will host a conference call today at 2 p.m. 00:00:22.868 -- 00:00:28.654 Central European Summer Time, where we will answer your questions. 00:00:28.654 -- 00:00:34.119 The link to register for the conference call is available on our website 00:00:34.119 -- 00:00:38.163 and on the last slide of this presentation. 00:00:38.163 -- 00:00:43.669 In order to facilitate the dial-in to the call, we would ask you to pre-register 00:00:43.669 -- 00:00:48.728 for getting your personal code. The transcript of this podcast 00:00:48.728 -- 00:00:51.531 is available on our website. 00:00:51.531 -- 00:00:58.036 As always, please note, take note of the disclaimer on page two. 00:00:59.040 -- 00:01:01.923 What to say about the first quarter of 2025? 00:01:01.923 -- 00:01:06.989 Overall, it was a quarter without surprises, despite a very volatile 00:01:06.989 -- 00:01:08.471 environment. 00:01:08.471 -- 00:01:13.537 Our spending guidance and the effect we anticipated for the first quarter 00:01:13.537 -- 00:01:15.766 were fully realized. 00:01:15.766 -- 00:01:20.993 The new year has begun as the old one ended, and the situation 00:01:20.993 -- 00:01:27.623 remains challenging. The hope for a necessary and welcomed EU economy 00:01:27.623 -- 00:01:34.212 recovery has improved, but real business has not changed much so far. 00:01:34.212 -- 00:01:37.937 So we continue improving Apera. 00:01:3...