Nokian Tyres Plc (NKRKY) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.038 remain as it was. We will be between 180 00:00:05.038 -- 00:00:06.761 and 200 00:00:06.761 -- 00:00:10.987 million euros, so everything is going according to plan, also from the CAPEX point of 00:00:10.987 -- 00:00:15.694 view. But what I would like to highlight once again is that we are ending a strong investment 00:00:15.694 -- 00:00:21.122 cycle that was necessary to rebuild the footprint of Nokian Tire in 00:00:21.122 -- 00:00:25.613 Europe, as well as to build and to extend the one in North America. 00:00:25.613 -- 00:00:30.767 So at the moment, we are estimating to be perfectly aligned with our guidelines in terms 00:00:30.767 -- 00:00:36.061 of CAPEX. And of course, the CAPEX level from after 00:00:36.061 -- 00:00:41.094 2025 is expected to go back to a normal level, more or less in line 00:00:41.094 -- 00:00:43.315 with the depreciation. 00:00:43.619 -- 00:00:48.668 Moving to slide number nine, as I 00:00:48.668 -- 00:00:53.717 mentioned at the beginning, obviously we continue to focus on 00:00:53.717 -- 00:00:55.520 the improvement of the financial performance. 00:00:55.520 -- 00:00:59.928 I was very clear also during the closing of quarter one that this is going to be very 00:00:59.928 -- 00:01:05.229 important to focus on profitable growth. And this is where 00:01:05.229 -- 00:01:11.318 our guidance is coming from. Of course, we have three important focus areas that are 00:01:11.318 -- 00:01:14.162 extremely important 00:01:14.162 -- 00:01:19.509 for our future development and for our profitability development in the next 00:01:19.509 -- 00:01:22.273 future. Obviously, one is the commercial area. 00:01:22.273 -- 00:01:27.621 We are, as I told you already in quarter one, accelerating our effort to gain 00:01:27.621 -- 00:...