Valmet Oyj (VOYJF) Q1 2026 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.101 Good morning, everyone, and welcome to Valmet's Q1 Result Webcast. 00:00:05.101 -- 00:00:10.210 Before we start the short practical note, today's webcast is audio only due to a flu 00:00:10.210 -- 00:00:14.018 in the team. Thanks for your understanding. 00:00:14.018 -- 00:00:18.306 I'm Pekka Rouhen from Investor Relations, and with me today are Valmet's President and 00:00:18.306 -- 00:00:23.268 CEO Thomas Hineskuv, as well as CFO Katri Hokkanen. 00:00:23.268 -- 00:00:28.074 Today, Thomas will start with an overview of Valmet from the customer and investor viewpoint 00:00:28.074 -- 00:00:31.098 and go through the first quarter performance. 00:00:31.098 -- 00:00:35.443 Katri will then discuss the financials in more detail. 00:00:35.443 -- 00:00:39.308 After that, Thomas will return to cover the guidance and short-term market outlook before 00:00:39.308 -- 00:00:44.314 we open the lines for the questions. And as usual, you can submit written questions 00:00:44.314 -- 00:00:48.259 through the webcast platform at any time. 00:00:48.259 -- 00:00:52.732 But with that, let's get started. Thomas, the floor is yours. 00:00:52.732 -- 00:00:57.157 Thank you, Pekka, and good morning, everyone, from me as well. 00:00:57.157 -- 00:01:02.364 The headline message for this first quarter is that we continue to execute our strategy 00:01:02.364 -- 00:01:07.750 in an overall demanding market environment, while sales mix had a clear impact 00:01:07.750 -- 00:01:09.913 on our profitability. 00:01:09.913 -- 00:01:14.839 Customer decision-making remained cautious, and the geopolitical situation decreased 00:01:14.839 -- 00:01:16.621 visibility. 00:01:16.621 -- 00:01:21.824 Against that backdrop, our process performance business continued to deliver strong...