Kemira Oyj Ord (KOYJF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

and welcome to Kenira's Q3 earnings webcast. My name is Kiira Fröberi, and I'm the head of investor relations at Kenira. We report our Q3 interim reportability in the weekend market environment. Here with me today, I have our president, CEO, Antti Salminen, and our CFO, Rika Streen. our group level strategy, as well as the outlook. After that, Petri will discuss the business performance, and we'll also share some more details on the end of the presentation, before the Q&A. Antti will also give a short introduction to our new CFO, Thomas Makipeska. But now, Antti, please, the test is yours. Thank you, Kiira, and welcome on my behalf as well. So happy to report here on our strong profitability in weekend market development. And market indeed has been quite stubbornly. We saw that first already in the beginning of the year or at the end of the previous year, hitting the performance of packaging and hygiene solutions business unit impact from the weekend market. The consumers are not consuming. Trade is not flowing globally, so less packaging material is consumed, thus less demand. go into the production of packaging. We mentioned that we see now the end of the weaker economy trickling up the value chain to the pulp for our customers in that area. And now it's visible in Q3 clearly. We have seen a lot of prolonged maintenance that is hitting the fiber essentials unit. and and we've also now started to see the kind of prolonged slow global economy impacting the over industrial activity who run race at any industrial segment especially here translated into less water consumption by industry and fast consumption of our water treatment chemicals in the industrial side of our water business so all these have led to the situation where basically the revenues declined 5% in ter...