Kemira Oyj Ord (KOYJF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to Kemira's Q2 result webcast. My name is Kiira Fröberi and I'm the new head of investor relations at Kemira. We issued our half-year financial report today and maintained a solid profitability in a challenging market environment. We have made some changes to our presentation content and flow. Next, our president and CEO, Antti Salminen, will present you the group figures and will also discuss our strategic developments and the outlook. After that, our CFO, Petri Kastreen, will continue with business unit performance and will also discuss the financials in a bit more detail. We also today announced that we will start share buybacks, so Petri will cover the share buyback program in his presentation. But now, Antti, the stage is yours. Thank you, Kiira, and warm welcome to Kemira. It's really good to have you with us. Yes, it's my great pleasure to present Kemira's quarter two results in 25. really solid 19% profitability amongst challenging market conditions, which I think demonstrates the resilience of our business model and the changes that we have made structurally to the company. As I've been talking about previously, we can perform good times, bad times in the guided 18 to 21% profitability range, which this quarter two is a really good demonstration of. As mentioned, the market environment was challenging. Real headwinds, especially in the packaging and hygiene solutions market, which gets the most impact from the overall global economic weakness, which resulted in a disappointing negative organic growth of 3% for the quarter. which is really, and I will talk more about it later, but which is really coming mostly from the packaging and hygiene part of the business, but also impacted by the exchange rates, especially the US dolla...