Borregaard Asa (BRRDF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.356 Good morning and welcome to the third quarter 2025 presentation for 00:00:05.356 -- 00:00:06.798 Borgard. 00:00:06.798 -- 00:00:11.963 My name is Tom-Erik Foss Jakobsen. I'm the new CEO since 1st of August, 00:00:11.963 -- 00:00:17.028 and I'll be joined today by Per-Bjarne Lyngstad, our CFO, and we will take 00:00:17.028 -- 00:00:19.428 you through this 00:00:19.631 -- 00:00:21.631 agenda. 00:00:22.033 -- 00:00:26.537 I'll begin with the key highlights from the quarter and provide an update on the market 00:00:26.537 -- 00:00:31.966 situation across our business segments. I will then share details on our second investment 00:00:31.966 -- 00:00:36.851 to increase capacity at our site in Salzburg, 00:00:36.851 -- 00:00:42.338 which has recently been approved on the board level, as well as our participation 00:00:42.338 -- 00:00:45.679 in a convertible loan to Algenor. 00:00:45.781 -- 00:00:50.106 Finally, I'll summarize the outlook for the remainder of the year before handing over 00:00:50.106 -- 00:00:56.731 to Per Bjarne, who will walk you through the financial performance in more detail. 00:00:56.782 -- 00:01:01.930 Before we continue, I just would like to remind those of you watching 00:01:01.930 -- 00:01:06.938 the webcast live that you're welcome to submit questions at 00:01:06.938 -- 00:01:09.321 any time during the presentation, 00:01:09.321 -- 00:01:14.126 and we'll address them at the end of the presentation. 00:01:17.013 -- 00:01:20.930 Let's begin with the highlights for the third quarter. 00:01:20.930 -- 00:01:26.038 EBITDA came in at 440 million, down from 524 million in the same 00:01:26.038 -- 00:01:28.602 quarter last year. 00:01:28.602 -- 00:01:33.931 The overall result was reduced due to lower bioethanol prices 00...