Huhtamäki Oyj (0K9W) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning all and welcome to Huhtamäki's investor call for the second quarter of 2025. My name is Kristian Tammela, VP of IR. Today, we will have a presentation first by our president and CEO, Ralf K. Wunderlich, and then by our CFO, Tuomas Gerust. After the presentations, we have time for Q&A as usual. And with that, handing over to Ralf. Thank you, Kristian, and good morning also from my side. Look, it's a quarter which is showing stable performance in a very volatile environment. Many things did happen during the quarter. Clearly, the market uncertainty continued. The consumers continue to be also cautious. The geopolitical tensions continue to be effect. US tariff situation didn't clarify in full neither during the quarter. And we are seeing a very weakening US dollar. And still, we were able to deliver a financial performance which is in line with previous years and which is showing volume growth versus Q1 this year. We were upgraded also from S&P with regards to our credit rating and we are now investment grade. We acquired Selwyn Farms and integrated them over the quarter already into our North American business. And we finalized our program to improve efficiencies. There is notable progress in our three focus areas, which I talked to you over the last two quarters already. And I'll do that in a couple of slides again. It's good to be in a defensive market. People, consumers still want to eat. They want to drink, enjoy their lives. So it's good to be in a defensive market. And we are clearly seeing this in these uncertainties that we can still deliver. The actions which we took over the last few months are going to continue and are making good progress. So we talked about profitable growth and using all levers, talked about the discipline capital allocation...