Valmet Oyj (VOYJF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Valmet's second quarter 2025 result publication and webcast. Valmet's second quarter highlight was definitely the capital markets day in which we launched our new strategy and 2030 financial targets. We were delighted to see a full room attending in Tampere in our event, and over a thousand people through the live webcast as well, so thank you again for the participation, everybody, and for the good discussions. Operationally, Falmet's second quarter highlight was the strong organic growth in orders received. I'm Pekka Rouhiainen from IR, and with me today are Tomas Hinesku, president and CEO, as well as Katri Hokkanen, CFO. Today, Thomas will first go through the highlights of the quarter and discuss some key topics of the new strategy. After that, Katri will go through the financial development in more detail, also from the perspective of our new segments. And Thomas will then conclude on the guidance and short-term market outlook. It's worth mentioning that this quarter is a bit special in terms of our financial reporting, as both the old and the new reporting segments will be visible in the presentation. We have tried to ensure that the reporting is easy to follow also during this transitional quarter, let's say. But with that, I hand over to the presenters. Tomas, the floor is yours. Thank you very much, Pekka. Yes, let's go through and look at the second quarter highlights. Clearly, as Pekka mentioned, the launch of our new strategy lead the way and our ambitious 2030 financial targets at our Capital Market Day back in Tampa definitely were a highlight of this quarter. A major milestone was also the implementation of our new operating model that went live here on July 1st. You know, a lot of work gone in during Q2 for actually design...