Arkema S/Adr (ARKAY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody. Welcome to Arkema Q3 2025 Results Conference Call. With me today are Marie-Josée Doncion, our CFO, and the Investor Relations Team. To support this conference call, we have posted a set of slides which are available on our website. And as usual, I will start with some comments on the highlights of the quarter before letting Marie-Josée go through the financials. At the end of the presentation, we'll be available as always to answer your questions. Let's commence first on the economic environment, which remains, as you know, challenging. We noted weaker than anticipated trends in the U.S. over the summer. The lower demand is probably a reflection of ongoing uncertainty around the tariffs and frictions in adjusting supply chains. On the other hand, Europe and Asia remain consistent with what we have seen since the start of the year. Europe at relatively low levels, and Asia still with a positive dynamic, in particular in China. The negative currency impact was also slightly stronger than in Q2. Despite this challenging macro environment, Our growth pockets, which are at the heart of our climate strategy, deliver substantial growth. As a matter of fact, our sales were at 20% in several key markets, namely batteries, sports, 3D printing, healthcare, and new generation fuel specialties with low global warming potential. This positive momentum is also supporting the ramp-up of our measure project on flight 7, but all in all that was not sufficient, obviously, to offset the strong macro headwinds of the saltwater. With the Q2 results, we share with you that this measure project should bring 50 million euros in 25 versus 24. I am happy to convey that we reassessed the progress and we can lift the impact to 16 million euros. This contribution is essen...