Huhtamäki Oyj (0K9W) Q1 2025 Earnings Call

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WEBVTT 00:00:01.617 -- 00:00:06.985 Good morning all and welcome to Huhtamäki's Investor Call for the first quarter of 2025. 00:00:06.985 -- 00:00:10.410 My name is Christian Tammela, VP of Investor Relations. 00:00:10.410 -- 00:00:14.076 Today, we have a presentation from our President and CEO, Ralf K. 00:00:14.076 -- 00:00:18.623 Wunderlich, and followed by our CFO, Tuomas Geust. 00:00:18.623 -- 00:00:22.729 After that, we will have time for Q&A as always. 00:00:22.729 -- 00:00:26.973 So with further ado, handing over to Ralf. 00:00:27.516 -- 00:00:31.148 Thank you so much, Christian, and good morning to all of you. 00:00:31.148 -- 00:00:36.853 Very happy to be here again and report on our first quarter results. 00:00:36.853 -- 00:00:42.058 We're also happy to say that we had a stable performance in a very volatile 00:00:42.058 -- 00:00:44.058 environment. 00:00:44.100 -- 00:00:48.885 The uncertainty in the environment clearly increased during the quarter. 00:00:48.885 -- 00:00:54.390 However, our financial performance was stable and at prior years level. 00:00:54.390 -- 00:01:00.511 We are also proud to say that our program to improve efficiency is proceeding well. 00:01:00.511 -- 00:01:06.059 and we are now at total savings of 87 million, with a cost to achieve of 25 00:01:06.059 -- 00:01:11.447 million by the end of quarter one, hence really tracking well. 00:01:11.447 -- 00:01:16.374 We have also taken actions in our three focus areas, which I alluded to during our last 00:01:16.374 -- 00:01:18.374 call. 00:01:23.003 -- 00:01:27.650 Let's turn over and look at the tariff situation for Ruta Marki. 00:01:27.650 -- 00:01:32.937 Look, overall, the situation is evolving every day and 00:01:36.082 -- 00:01:39.105 it is way too early to draw conclusions. 00:01:39.105 ...