Mowi Asa (MNHVF) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.396 Good morning, everyone, both in the room and online. 00:00:03.396 -- 00:00:07.421 Thank you very much for joining us this morning in connection with the release and the 00:00:07.421 -- 00:00:10.305 presentation of Movi's third quarter results of 2025. 00:00:10.305 -- 00:00:15.352 My name is Ivan Vindheim, and I'm the CEO of Movi, and together with 00:00:15.352 -- 00:00:19.418 our CFO, Christian Ellingsen, I will take you through the numbers and the fundamentals 00:00:19.418 -- 00:00:24.405 this morning, and to the best of my and our ability, add a few appropriate comments to 00:00:24.405 -- 00:00:29.565 them. And after presentation, our analyst, Ole Petter Urheim, will host a 00:00:29.565 -- 00:00:33.430 Q&A session. For those of you who are following the presentation online, you can submit 00:00:33.430 -- 00:00:38.116 your questions or comments in advance or as we go along by email. 00:00:38.116 -- 00:00:43.480 Please refer to the website at mogi.com for the necessary details. 00:00:44.464 -- 00:00:49.891 The disclaimer is both long and extensive, so I think we leave it for self-study. 00:00:49.891 -- 00:00:56.216 So with that out of the way, I think we are ready for the highlights of the quarter. 00:00:56.495 -- 00:01:00.883 And to begin with, and on a general note, I think it's fair to say that the third quarter 00:01:00.883 -- 00:01:05.872 was like previous quarters this year, characterized by soft prices following well-supplied 00:01:05.872 -- 00:01:07.395 markets. 00:01:07.395 -- 00:01:11.800 And in the third quarter, with prices even below industry costs. 00:01:11.800 -- 00:01:17.370 Foul part, this translated into 1.39 billion euro in operating revenues and 00:01:17.370 -- 00:01:20.997 an operational profit of 112 million e...