Kendrion N.V. (0G68) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Welcome to Kendrion's Q3 2025 results conference call. My name is Joep van Beurden, CEO of Kendrion, and I'm joined today by our CFO, Jeroen Hemmen. We appreciate your time and interest in our company. Today, we will review our performance in the third quarter of 2025, discuss the financial results for the group and our key business segments, and share our outlook for the remainder of the year and beyond. We will post a recording of this call and of the Q&A on Candrion's corporate website as soon as it's practicable. I would like to draw your attention to the fact that certain statements contained in my remarks and in the answers to your questions constitute forward-looking statements, and these forward-looking statements rely on several assumptions concerning future events and are subject to uncertainties and other factors, many of which are outside the company's control. which could cause actual results to differ materially from such statements. Before we begin, I would like to highlight that Q3 2025 marks a significant milestone for Kendrion. With the completion of our China business sale, we have finalized our transformation into a pure play industrial company. This strategic shift allows us to focus exclusively on industrial activities positioning us for sustainable and profitable growth. Our results this quarter reflect strong operational discipline, margin enhancement, and a robust balance sheet. We are pleased to announce a special dividend and a share buyback program, both made possible by our strengthened financial position. Let us begin with a review of our financial performance. In Q3 2025, Candrion delivered solid results. Revenue from continuing operations reached €60.6 million, representing a 2% increase compared to €59.7 millio...