Lenzing Ag Ord (LNZNF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.790 -- 00:00:05.797 Ladies and gentlemen, welcome to the Lensync AG analyst conference call 00:00:05.797 -- 00:00:10.545 and live webcast. I am Mathilde, the chorus call operator. 00:00:10.545 -- 00:00:14.711 I would like to remind you that all participants will be in listen-only mode and the 00:00:14.711 -- 00:00:21.080 conference is being recorded. The presentation will be followed by a Q&A session. 00:00:21.080 -- 00:00:27.250 You can register for questions at any time by pressing star and 1 on your telephone. 00:00:27.250 -- 00:00:31.115 For operator assistance, please press star and 0. 00:00:31.115 -- 00:00:35.860 The conference must not be recorded for publication or broadcast. 00:00:35.860 -- 00:00:40.645 At this time, it's my pleasure to hand over to Rohit Agarwal, CEO. 00:00:40.645 -- 00:00:43.086 Please go ahead. 00:00:43.549 -- 00:00:48.694 Thank you very much. Ladies and gentlemen, welcome to the presentation of Lenzing's 00:00:48.694 -- 00:00:52.316 results for the first nine months 2025. 00:00:52.839 -- 00:00:57.018 With us today is also Nico Reiner, our CFO. 00:00:57.018 -- 00:01:01.384 Let's go through our agenda for today. I'll start with a summary of the key developments, 00:01:01.384 -- 00:01:06.111 followed by the market update, as well as our refined strategy. 00:01:06.111 -- 00:01:09.756 Niko will then guide you through the financials, and I will talk about our investment 00:01:09.756 -- 00:01:14.884 highlights, as well as the outlook. And as usual, at the end, we are looking 00:01:14.884 -- 00:01:19.307 forward to your questions in our Q&A session. 00:01:19.831 -- 00:01:24.710 Let's start with the overview of the key highlights of the first three quarters. 00:01:24.710 -- 00:01:29.777 The market continued to remain challenging, ...