Huhtamäki Oyj (0K9W) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, all. Welcome to Hurtamäki's Q3 2025 results call. My name is Kristian Tammela, VP of IR. Today, we have, as usual, a presentation first by President and CEO Ralf Wunderlich, and then followed by our CFO Tuomas Gaust. And after the presentations, we'll have a lot of time for Q&As. So without further ado, let's get started in handing over to Ralf. Thank you, Christiane, and good morning also from my side. Thank you for dialing in. And I'm starting with an overview, high level of the group. Very happy to share with you today that we saw profit improvements for the group, specifically driven by three segments, flexibles, fiber, and food service in what we see as still pretty volatile and soft market environment. Also happy to share that we have both in the quarter as well as here today seen strong volume growth in two of our segments, namely fiber and North America. The margin improved to now 10.3% in the quarter. And for the first time, all of our four segments delivered greater 9% EBIT margin. Headwinds from FX, especially the US dollar, persisted, impacting our top and bottom lines. We have seen a weak quarter in North America and will further comment on this in a bit when we come to the segment presentations. I'm also proud to see that our three value drivers continue to progress very well and are showing impacts. Let me use that. as a bridge then to the drivers. Driver number one is growth, and we want to use all levers which we have to drive profitable growth. First one, organic. Initiatives which we kicked off are very focused, and they are focused on both the JKAs, our global key accounts, as well as small and medium customers. especially the later one where we have a very small share with, are in focus and we are starting to build good relationship...