Huhtamäki Oyj (0K9W) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning all and welcome to Huhtamäki's Investor Call for the first quarter of 2025. My name is Christian Tammela, VP of Investor Relations. Today, we have a presentation from our President and CEO, Ralf K. Wunderlich, and followed by our CFO, Tuomas Geust. After that, we will have time for Q&A as always. So with further ado, handing over to Ralf. Thank you so much, Christian, and good morning to all of you. Very happy to be here again and report on our first quarter results. We're also happy to say that we had a stable performance in a very volatile environment. The uncertainty in the environment clearly increased during the quarter. However, our financial performance was stable and at prior years level. We are also proud to say that our program to improve efficiency is proceeding well. and we are now at total savings of 87 million, with a cost to achieve of 25 million by the end of quarter one, hence really tracking well. We have also taken actions in our three focus areas, which I alluded to during our last call. Let's turn over and look at the tariff situation for Ruta Marki. Look, overall, the situation is evolving every day and it is way too early to draw conclusions. We are well positioned to manage the situation. Our business is mostly local and it's local for local with both the supply side and the demand side being local. So we are well positioned from that perspective to deal with the situation. We are monitoring and we are adapting to changes which might come. We talked about our strategy last time and I am happy to confirm that we still see it very much intact and we are supporting it with those three areas, our focus areas, and those will help us to drive our profitable growth forward. Those are number one, profitable growth supported by all levers,...