Outokumpu Oyj New (OUTFF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.136 Hello, everyone. Welcome to UPM Quarters Free 2025 Results 00:00:05.136 -- 00:00:06.618 webcast. 00:00:06.618 -- 00:00:12.323 I'm Massimo Reinaudo. I'm the CEO of UPM, and here with me today is Tapio Corpena, 00:00:12.323 -- 00:00:14.504 the CFO. 00:00:15.186 -- 00:00:20.351 The third quarter brought some temporary clarity to the terms of the 00:00:20.351 -- 00:00:25.497 international trade, but significant uncertainty remained and 00:00:25.497 -- 00:00:29.739 the consumer demand stayed subdued. 00:00:30.153 -- 00:00:35.242 Our businesses in advanced materials and in the decarbonization 00:00:35.242 -- 00:00:40.350 solution segment improved their third quarter performance compared 00:00:40.350 -- 00:00:45.559 to the previous year. On the other hand, the renewable fibers 00:00:45.559 -- 00:00:51.589 and communication paper businesses were impacted by the unusual volatility 00:00:51.589 -- 00:00:54.691 in their operating environments. 00:00:55.027 -- 00:00:59.555 In quarter three, comparable EBIT was $153 00:00:59.555 -- 00:01:04.765 million, up 21% compared to the previous quarter, but down 00:01:04.765 -- 00:01:06.648 47% 00:01:06.648 -- 00:01:10.555 compared to the last year's corresponding period. 00:01:10.555 -- 00:01:13.838 The EBIT margin was 6.7%. 00:01:15.817 -- 00:01:20.963 During the quarter, we continued to take decisive actions to further 00:01:20.963 -- 00:01:23.687 strengthen our competitiveness. 00:01:23.687 -- 00:01:27.791 Our focus has been and is on improving performance, 00:01:27.791 -- 00:01:32.838 cash flow generation, and the strength of our balance sheet. 00:01:32.838 -- 00:01:37.601 I will come back and tell you more about these actions during the presentation. 00:01:37.754 -- 00:01:42.119 But first, let's lo...