Valmet Oyj (VOYJF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Valmet's Q1 Result Webcast. Before we start the short practical note, today's webcast is audio only due to a flu in the team. Thanks for your understanding. I'm Pekka Rouhen from Investor Relations, and with me today are Valmet's President and CEO Thomas Hineskuv, as well as CFO Katri Hokkanen. Today, Thomas will start with an overview of Valmet from the customer and investor viewpoint and go through the first quarter performance. Katri will then discuss the financials in more detail. After that, Thomas will return to cover the guidance and short-term market outlook before we open the lines for the questions. And as usual, you can submit written questions through the webcast platform at any time. But with that, let's get started. Thomas, the floor is yours. Thank you, Pekka, and good morning, everyone, from me as well. The headline message for this first quarter is that we continue to execute our strategy in an overall demanding market environment, while sales mix had a clear impact on our profitability. Customer decision-making remained cautious, and the geopolitical situation decreased visibility. Against that backdrop, our process performance business continued to deliver strong margins why biomaterial business was impacted by project facing and the mix. Importantly, the benefits from the early and decisive operating model actions we took last year are clearly and continue to be clearly visible, supporting earnings quality also in a softer market. Before we go into the core and detail, let me briefly remind you what Valmet is fundamentally about. Our strategy is built on improving the performance of industrial assets across their lifecycle. We help customers run their operation reliably, produce more efficiently with fewer re...