Carlsberg As Shs A (CABHF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.579 Ladies and gentlemen, welcome to the Carlsberg Q3 2025 Trading Statement 00:00:05.579 -- 00:00:08.784 conference call. I am Healy, the conference call operator. 00:00:08.784 -- 00:00:13.932 I would like to remind you that all participants will be in listen-only mode 00:00:13.932 -- 00:00:19.960 and the conference is being recorded. The presentation will be followed by a Q&A session. 00:00:19.960 -- 00:00:25.288 You can register for questions at any time by pressing star and 1 on your telephone. 00:00:25.288 -- 00:00:29.444 For operator assistance, please press star and 0. 00:00:29.444 -- 00:00:33.750 The conference must not be recorded for publication or broadcast. 00:00:33.750 -- 00:00:38.516 At this time, it's my pleasure to hand over to Jakob Arup-Andersen, CEO. 00:00:38.516 -- 00:00:40.917 Please go ahead. 00:00:41.000 -- 00:00:46.046 Thank you very much, and good morning, everybody, and welcome to the Casper Q3 00:00:46.046 -- 00:00:51.474 2025 conference call. So, as I said, my name is Jakob Arup-Andersen. 00:00:51.474 -- 00:00:56.801 I'm the group's CEO, and I have with me our group's CFO, Ulrike Fern, and Vice President 00:00:56.801 -- 00:00:59.600 of Investor Relations, Peter Gondrup. 00:00:59.600 -- 00:01:05.808 Before we get into the meat, let me begin by summarizing the key headlines for the quarter. 00:01:05.808 -- 00:01:10.354 First of all, we delivered strong volume and revenue growth due to the British acquisition, 00:01:10.354 -- 00:01:15.421 for which both integration and synergy realization are progressing very well. 00:01:15.421 -- 00:01:19.426 In a soft consumer environment, we achieved solid underlying volume and revenue growth 00:01:19.426 -- 00:01:24.833 in Western Europe, and we achieved sequential quarterl...