Upm Kymmene Corp (UPMKF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.199 Hello, everyone. Welcome to UPM Quarters Free 2025 results webcast. 00:00:06.199 -- 00:00:11.906 I'm Massimo Reinaudo. I'm the CEO of UPM, and here with me today is Tapio Corpainan, 00:00:11.906 -- 00:00:14.086 the CFO. 00:00:14.770 -- 00:00:19.936 The third quarter brought some temporary clarity to the terms of the 00:00:19.936 -- 00:00:25.083 international trade, but significant uncertainty remained and 00:00:25.083 -- 00:00:29.306 the consumer demand stayed subdued. 00:00:29.731 -- 00:00:34.797 Our businesses in advanced materials and in the decarbonization 00:00:34.797 -- 00:00:39.923 solution segment improved their third quarter performance compared 00:00:39.923 -- 00:00:45.129 to the previous year. On the other hand, the renewable fibers 00:00:45.129 -- 00:00:51.156 and communication paper businesses were impacted by the unusual volatility 00:00:51.156 -- 00:00:54.257 in their operating environments. 00:00:54.588 -- 00:00:59.132 In quarter three, comparable EBIT was 153 00:00:59.132 -- 00:01:04.317 millions, up 21% compared to the previous quarter, but down 00:01:04.317 -- 00:01:06.840 47% compared 00:01:06.840 -- 00:01:10.103 to the last year's corresponding period. 00:01:10.103 -- 00:01:13.126 The EBIT margin was 6.7%. 00:01:13.126 -- 00:01:15.126 During 00:01:15.768 -- 00:01:21.133 the quarter, we continued to take decisive actions to further strengthen 00:01:21.133 -- 00:01:23.073 our competitiveness. 00:01:23.073 -- 00:01:27.358 Our focus has been and is on improving performance, 00:01:27.358 -- 00:01:32.404 cash flow generation, and the strength of our balance sheet. 00:01:32.404 -- 00:01:37.168 I will come back and tell you more about these actions during the presentation. 00:01:37.370 -- 00:01:41.695 But first, let's ...