Polygiene Group AB (POLYG) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.298 Good morning, everyone, and welcome to this presentation of the second quarter of PolyGene 00:00:05.298 -- 00:00:09.204 Group. I am Erika Bjork, and I'm the CEO of the company. 00:00:09.204 -- 00:00:12.889 And today I have Niklas Blomstedt, our CFO, 00:00:12.889 -- 00:00:15.232 joining from another location. 00:00:15.232 -- 00:00:17.074 Good morning. 00:00:17.074 -- 00:00:21.981 So first of all, I would like to just give a brief summary on the situation. 00:00:21.981 -- 00:00:25.968 It has been a very, very tough quarter, as you can see. 00:00:25.968 -- 00:00:30.814 It's a very disappointing report and I believe you have many questions for us. 00:00:30.814 -- 00:00:37.739 So I encourage you to write the questions in the chat that you can see here in the meeting. 00:00:45.070 -- 00:00:50.957 Yes, it has been a very challenging quarter and it's due to external factors 00:00:50.957 -- 00:00:55.580 only that has impacted the quarter very heavily. 00:00:55.769 -- 00:01:00.896 The tariffs that we mentioned in the last report, we didn't know how 00:01:00.896 -- 00:01:06.083 that would impact the group. We knew that we don't have any direct consequences 00:01:06.083 -- 00:01:11.571 because we don't ship any products to US, but we also highlighted that it could be an 00:01:11.571 -- 00:01:16.878 impact if our customers are affected. And we are an ingredient 00:01:16.878 -- 00:01:19.178 and we can't 00:01:19.221 -- 00:01:23.005 sell if we don't have customers that are producing. 00:01:23.005 -- 00:01:26.930 And with close dialogues with our customers, they have indicated that there has been 00:01:26.930 -- 00:01:30.675 a lot of disruption in the production chain. 00:01:30.675 -- 00:01:36.142 Many projects has put on hold. These tariffs have ...