Kemira Oyj Ord (KOYJF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome everyone to Kemira's Q1 result webcast. My name is Kiira Fröberi and I'm the head of investor relations at Kemira. We published our Q1 interim report today. Both revenue and profitability declined year on year in a weak market. Here with me today, I have our president and CEO, Antti Salminen, and our new CFO, Tuomas Mäkipesko. Before we start the actual presentation, just a kind reminder that the presentation today includes forward-looking statements. Next, Antti will cover the group level performance and will also discuss the Q1 highlights. After that, Tuomas will go into a bit more detail with the financials and will also cover the business unit level performance. In the end of the event, we will have Q&A as usual, and you can ask questions through the webcast chat or by phone. But I guess now it's time to hand over to you, Antti. Please go ahead. Thank you, Kiira. Good morning on my behalf as well. As mentioned, I will be presenting Kemira's quarter one 2026 results. And after me, Tuomas will have his first moment in spotlight in his current role as a CFO of Kemira. And Tuomas will go a bit deeper into the financials of the quarter. The quarter was really kind of described or dominated by the really weak global economy and towards the end of the quarter with the even increased geopolitical tensions and turbulence. That was the name of the game and that caused really strong headwinds for our business. As we stand here today, Brent oil trades at 105. The consumer confidence index on our main markets has been steadily below 100 points for the quarter. So very tough environment to execute the business. And as a result, our Maybe better with the slides. As a result, our revenue declined, so there was a clear decline. Organic growth as well, min...