BillerudKorsnäs AB (publ) (BILL) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.637 Please be advised, today's conference is being recorded. 00:00:03.637 -- 00:00:08.044 I would now like to hand the conference over to your first speaker today, Lena Schatauer, 00:00:08.044 -- 00:00:11.550 Head of IR. Please go ahead. 00:00:11.550 -- 00:00:17.119 Good morning and welcome to Billiards Q3 2025 earnings call. 00:00:17.119 -- 00:00:22.268 As usual, our President and CEO, Eva Vatne, and our CFO, André Kreet, 00:00:22.268 -- 00:00:27.453 will give you an overview of the results and the highlights in the third quarter. 00:00:27.453 -- 00:00:30.979 The presentation will be followed by a Q&A session. 00:00:30.979 -- 00:00:33.543 So with that, I hand over to Ivar to begin. 00:00:33.543 -- 00:00:35.543 Thank 00:00:36.008 -- 00:00:39.594 you, Lena, and good morning, everyone. And 00:00:39.594 -- 00:00:43.560 thanks for listening in this early Thursday morning. 00:00:43.560 -- 00:00:50.048 Yet again, it's a tale of two stories for a quarterly report summarized 00:00:50.131 -- 00:00:54.368 quite well in the heading here on the slide. 00:00:54.368 -- 00:00:59.216 It's been a quarter that landed quite close to our expectations 00:00:59.216 -- 00:01:03.502 with another strong quarter for our region, North America, 00:01:03.502 -- 00:01:09.912 while weak market conditions are weighing down on region Europe. 00:01:09.912 -- 00:01:14.780 Let's get into the details. So next slide, please. 00:01:14.780 -- 00:01:20.348 And if we start from the top, net sales is down 8% versus a year ago, 00:01:20.348 -- 00:01:23.528 where half of that decline is currency related. 00:01:23.528 -- 00:01:28.752 and most of the remaining decline is due to lower sales volume in Europe. 00:01:28.775 -- 00:01:34.202 Our region, North America, continued this impr...