Rottneros AB (publ) (RROS) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to today's webcast with Rotterus where CEO Lennart Eberle and CFO Monica Fassanen will present the report for the first quarter of 2025. After the presentation there will be a Q&A so if you have any questions you can send them in via the form to the right and with that said I hand over the word to you guys. Thank you very much Ludvig and hello everybody to this quarter one presentation of 2025. A stable production in a turbulent world is what we have achieved during the quarter. We are focusing on the things we can control ourselves, health and safety for our employees, production and cost control. But sometimes these things are not enough to create a result which we are satisfied with or being proud of. And as we saw that development emerge during the first months, We decided by the end of the quarter on 21st of March to publish a profit warning and instantly went into negotiations with our unions to see over our costume and our organization in order to be able to adjust the production capacity and our costs. And that is ongoing and we have very constructive and positive dialogues with the unions and we believe this can be concluded fairly soon. So that will lead to some cost adjustments that we believe over time will reduce our annual costs by some 35 to 40 million Swedish. And that is of course in order to counteract the high raw material cost that we still see the strengthening of the Swedish Kronor that has started during the first three months of this year and also being able to adopt to a currently new situation on the mechanical bulb market where we see a slightly lesser demand and prices are under pressure. So if we with that move over and look into the market, which is characterized, of course, by a high uncertainty, pulp is a global produ...