Arkema S/Adr (ARKAY) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.118 Welcome to Arkema's first quarter 2025 results and 00:00:05.118 -- 00:00:07.722 outlook conference call. 00:00:07.722 -- 00:00:11.765 For your information, this call is being recorded. 00:00:11.848 -- 00:00:17.035 It will take place in a listen-only mode, and you will have the opportunity to ask 00:00:17.035 -- 00:00:22.383 questions after the presentation by pressing star N1 on 00:00:22.383 -- 00:00:25.404 your touchtone telephone. 00:00:25.407 -- 00:00:29.191 I will now hand you over to Thierry Le Henaf. 00:00:29.191 -- 00:00:33.176 Chairman and Chief Executive Officer. 00:00:33.176 -- 00:00:35.937 Sir, please go ahead. 00:00:36.921 -- 00:00:40.606 Hello, thank you very much. Good morning, everybody. 00:00:40.606 -- 00:00:44.290 So, welcome to ARCHEMAS Q1 2025 00:00:44.290 -- 00:00:49.637 Results Conference Call. Joining me today are Marie-Josée Toncion, our CFO, 00:00:49.637 -- 00:00:54.684 and the Investor Relations Team. As always, to support this conference call, 00:00:54.684 -- 00:00:59.195 we have posted a set of slides which are available on our website. 00:00:59.195 -- 00:01:03.300 I will comment now the highlights of the quarter before letting Marie-Josée go through 00:01:03.300 -- 00:01:05.042 the financials, 00:01:05.042 -- 00:01:11.226 and at the end of the presentation, we'll be available to answer your questions as usual. 00:01:11.309 -- 00:01:16.434 After a challenging macro in 2024 during which Arkema delivered a good 00:01:16.434 -- 00:01:17.996 performance, 00:01:17.996 -- 00:01:21.518 the market environment in Q1 2025 00:01:21.640 -- 00:01:27.705 remained difficult with volatility and also a lack of visibility, 00:01:27.747 -- 00:01:29.165 reinforced 00:01:29.165 -- 00:01:34.771 as you well know, by the ongoing...