Fortum Oyj Corp Ord (FOJCF) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.500 Good morning, everyone. A warm welcome again to Fortum's joint webcast 00:00:05.500 -- 00:00:11.349 and news conference for the investor community and media on our half-year report, 00:00:11.349 -- 00:00:14.110 January-June 2025. 00:00:14.153 -- 00:00:18.981 My name is Ingela Ylves and I'm heading the investor relations at Fortum. 00:00:18.981 -- 00:00:24.690 As always, this event is being recorded and a replay will be available later today 00:00:24.690 -- 00:00:26.373 on our website. 00:00:26.373 -- 00:00:32.359 With me here in the studio are again our CEO, Markus Raurama, 00:00:32.359 -- 00:00:37.644 and our CFO, Tiina Tuomela. Markus and Tiina will present the group's 00:00:37.644 -- 00:00:42.690 financial and operational performance during the second quarter and first 00:00:42.690 -- 00:00:47.735 half of this year. After the presentations, we will take your questions 00:00:47.735 -- 00:00:54.319 in the Q&A session. So with this, I hand over to Markus to start. 00:00:54.976 -- 00:00:59.062 Thank you very much, Ingela, and a warm welcome to our investor and media call also from 00:00:59.062 -- 00:01:00.664 my side. 00:01:00.664 -- 00:01:04.750 I will start by going through the key elements of our quarterly highlights and our financial 00:01:04.750 -- 00:01:06.172 performance. 00:01:06.172 -- 00:01:10.338 Then I will say a couple of words about the hydro situation and the latest update of 00:01:10.338 -- 00:01:14.103 power demand projections by 2030. 00:01:14.103 -- 00:01:18.289 After that, Tiina will provide more details on the financials and how the operational 00:01:18.289 -- 00:01:21.994 performance turned into our results. 00:01:21.994 -- 00:01:25.216 Let me now start with the highlights. 00:01:25.790 -- 00:01:30.156 Starting...