IMCD N.V. (IMCDY) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.059 Hello, welcome to the IMCD 2025 First 9 Months 00:00:05.059 -- 00:00:10.347 Results Conference Call, hosted by Marcus Jordan, CEO, and 00:00:10.347 -- 00:00:15.475 Hans Kooimans, CFO. For the first part of this call, all participants 00:00:15.475 -- 00:00:21.144 will be in listen-only mode. And afterwards, there will be a question and answer session. 00:00:21.144 -- 00:00:26.963 If you wish to ask a question, please press pound key 5 on your telephone keypad. 00:00:26.963 -- 00:00:29.727 I would now like to give the floor to Marcus Jordan. 00:00:29.727 -- 00:00:32.969 Mr. Jordan, please go ahead. 00:00:33.653 -- 00:00:37.899 Thank you very much, Elba. Good morning to you all and a warm welcome. 00:00:37.899 -- 00:00:43.367 I'm Marcus Jordan, and I'm here today with our CFO, Hans Kooimans, for the 2025 first 00:00:43.367 -- 00:00:47.753 nine months results, which we published in a press release earlier this morning. 00:00:47.753 -- 00:00:53.341 The first nine months of 2025 were generally characterized by challenging market conditions 00:00:53.341 -- 00:00:58.536 as a result of continued macroeconomic uncertainty particularly around tariffs 00:00:58.536 -- 00:01:00.880 across all regions. 00:01:00.880 -- 00:01:05.447 This resulted in softer demand across a number of markets, limited order visibility, 00:01:05.447 -- 00:01:07.810 and just-in-time deliveries. 00:01:07.810 -- 00:01:12.157 Moving on to the first nine months' numbers, you will find a summary of our financial 00:01:12.157 -- 00:01:17.805 results on slide four, whereby, considering these continued challenging macroeconomic 00:01:17.805 -- 00:01:22.633 conditions, I am pleased with our gross profit growth in the first nine months, which 00:01:22.633 -- 00:01:28.499 is up 5%...