Scandinavian Tobacco Group (SNDVF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Scandinavian Tobacco Group Q3 Results 2025 conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star, one, and one again. Please, the advice of today's conference has been recorded. I would now like to hand the conference over to your speaker today, Torben Sand, Head of Investor Relations. Please go ahead. Thank you, and welcome to our webcast for the third quarter and first nine months 2025 results. My name is Seth Torben Sand, and I'm leading the investor relations and external communications And I'm, as usual, joined by our CEO, Nils Frederiksen, and our CFO, Marianne Røsler-Bock. Please turn to slide number three for today's agenda. Nils will kick off the presentation by giving you a brief overview of the highlights of the quarter, followed by an update on our strategy rolling towards 2025. as well as an update on developments in our core product categories. Then, Marianne will take over and give you an update on the financial performance in our three reporting divisions, followed by an overview of key financial developments for the group, including an update on cash flow and leverage. Niels will conclude the presentation by giving you an update to our expectations for the full year 2025. After the pre-prepared presentation, we will conduct a Q&A session where we will be more than pleased to take any questions you might have. Again, before we start, I ask you to pay special attention to our disclaimer on forward-lo...