Ontex Group Nv Ord (ONXXF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and thank you for joining us today. I'm Geoff Raskin from IR, and I'm pleased to have with us Laurent Nielly, our CEO, and Geert Peeters, our CFO, to present the outcome of our strategic review and the results of the first half year of 2026. Before that, let me remind you of the safe harbor regarding forward-looking statements. I will not read it out loud, but I will assume you will have duly noted it. With that cleared up, Laurent, over to you. Thank you, Geoff, and good afternoon, everyone. Today, we have several key messages to share. Of course, our H1 results and our outlook revision, but also the change of CFO we just announced. And I want to take the opportunity to thank him not only for his numerical contribution in the last 2.5 years, but also to be there with me today as we guide you through some of the key changes at Antex. And in fact, today, I will spend my comments on the strategic review first before moving to highlights of H1 and our outlook. Then Geert will cover the financial analysis of the half year. I will come back to give you our priorities for the remainder of the years. When I took the helm of the company, my first mission was to ensure we would stabilize our business. This task will stay with us as we face a difficult environment. We've been very fast in deploying pricing actions while at the same time pushing for more cost initiatives. In parallel, my first six months as CEO have been dedicated to taking a fresh and objective look at every aspect of our business. With the support of the board, we did deep review in both North America and Europe, leveraging external advisor and our full team. The outcome of this work is leading to a fundamental transformation of the company to resume both top and bottom line. We have...