Orkla As A S/Adr (ORKLY) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.018 Good morning, and welcome to the presentation of Orkla's first quarter results. 00:00:05.018 -- 00:00:10.123 My name is Annie Bursagel, and I'm the head of Investor Relations and Communications. 00:00:10.266 -- 00:00:14.973 So due to previously planned travel, our president and CEO, Neil Selta, is unable to 00:00:14.973 -- 00:00:18.658 join us this morning. So instead, EVP and CFO, Arvind A. 00:00:18.658 -- 00:00:22.103 Gawande, will be holding the presentation today. 00:00:22.103 -- 00:00:26.948 So after his presentation, we're going to be holding a video Q&A with our analyst community. 00:00:26.948 -- 00:00:30.832 And after that, we'll be opening up for questions from the web. 00:00:30.832 -- 00:00:35.838 So during the presentation, you are all welcome to send in questions via a web link. 00:00:35.838 -- 00:00:41.624 And this is open for everybody. And we'll take those after the video Q&A with the analysts. 00:00:41.624 -- 00:00:46.527 So with that underway, I'll leave the floor to you now, Arve. 00:00:46.930 -- 00:00:51.162 Thank you, Anne. And good morning to everyone. 00:00:51.162 -- 00:00:54.906 or close development for the quarter remained solid. 00:00:54.906 -- 00:00:59.732 Our portfolio companies continued to deliver according to the targets communicated at 00:00:59.732 -- 00:01:02.916 the Capital Markets Day in November 23. 00:01:02.916 -- 00:01:08.021 At the same time, isolated elements in the individual portfolio companies affected 00:01:08.021 -- 00:01:12.587 the comparison year over year, both positively and negatively, 00:01:12.587 -- 00:01:16.559 as I will outline later in the presentation. 00:01:16.559 -- 00:01:22.008 It lost positive results overall, underlying the benefits of a diversified 00:01:22.008 -- 00:01:2...