Huhtamäki Oyj (0K9W) Q2 2025 Earnings Call

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WEBVTT 00:00:00.098 -- 00:00:06.167 Good morning all and welcome to Huhtamäki's investor call for the second quarter of 2025. 00:00:06.167 -- 00:00:11.235 My name is Kristian Tammela, VP of IR. Today, we will have a presentation 00:00:11.235 -- 00:00:16.543 first by our president and CEO, Ralf K. Wunderlich, and then by our CFO, 00:00:16.543 -- 00:00:21.870 Tuomas Gerust. After the presentations, we have time for Q&A as usual. 00:00:21.870 -- 00:00:25.693 And with that, handing over to Ralf. 00:00:26.137 -- 00:00:29.883 Thank you, Kristian, and good morning also from my side. 00:00:29.883 -- 00:00:35.289 Look, it's a quarter which is showing stable performance in a very volatile 00:00:35.289 -- 00:00:37.031 environment. 00:00:37.031 -- 00:00:39.494 Many things did happen during the quarter. 00:00:39.494 -- 00:00:42.418 Clearly, the market uncertainty continued. 00:00:42.418 -- 00:00:45.441 The consumers continue to be also cautious. 00:00:45.441 -- 00:00:49.366 The geopolitical tensions continue to be effect. 00:00:49.366 -- 00:00:54.552 US tariff situation didn't clarify in full neither during the quarter. 00:00:54.552 -- 00:00:57.215 And we are seeing a very weakening US dollar. 00:00:57.215 -- 00:01:02.375 And still, we were able to deliver a financial performance which is in line 00:01:02.375 -- 00:01:07.681 with previous years and which is showing volume growth versus Q1 this 00:01:07.681 -- 00:01:12.867 year. We were upgraded also from S&P with regards to our credit 00:01:12.867 -- 00:01:15.931 rating and we are now investment grade. 00:01:15.931 -- 00:01:20.957 We acquired Selwyn Farms and integrated them over the quarter already into our 00:01:20.957 -- 00:01:27.783 North American business. And we finalized our program to improve efficiencies. 00:01:27.899 --...