DFDS Group (DFDDF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.319 Ladies and gentlemen, welcome to the DFDS Q3 Report 2025 00:00:05.319 -- 00:00:08.704 conference call. I am Healy, the chorus call operator. 00:00:08.704 -- 00:00:13.892 I would like to remind you that all participants will be in listen-only mode 00:00:13.892 -- 00:00:18.900 and the conference is being recorded. The presentation will be followed by a Q&A 00:00:18.900 -- 00:00:24.148 session. You can register for questions at any time by pressing star and 1 00:00:24.148 -- 00:00:29.292 on your telephone. For operator assistance, please press star and 0. 00:00:29.292 -- 00:00:33.758 The conference must not be recorded for publication or broadcast. 00:00:33.758 -- 00:00:37.803 At this time, it's my pleasure to hand over to Torben Carlsen, CEO. 00:00:37.803 -- 00:00:40.026 Please go ahead. 00:00:40.026 -- 00:00:46.155 Thank you very much. Good morning and welcome to DFDS's 00:00:46.155 -- 00:00:48.435 Q3 2025 00:00:50.280 -- 00:00:55.547 conference call. I am, as usual, joined here by Karen Bosen, our CFO, 00:00:55.547 -- 00:00:59.532 and Søren Brønhold, our Head of Investor Relations. 00:00:59.532 -- 00:01:05.020 It has been an eventful morning. On this call, we will focus on the Q3 00:01:05.020 -- 00:01:10.268 report, the cost reduction program, and the assumptions behind the outlook 00:01:10.268 -- 00:01:12.752 change for 2025 that 00:01:12.752 -- 00:01:16.615 mainly relate to uncertainty about Q4. 00:01:16.738 -- 00:01:22.146 With regard to the board's initiation of a search process to find my successor, 00:01:22.146 -- 00:01:27.747 we'll try to not make that a focus in today's call. 00:01:27.747 -- 00:01:33.113 I'm of course sad to be leaving DFDS. I have truly enjoyed every 00:01:33.113 -- 00:01:38.619 minute here. Let me emphasi...