Valmet Oyj (VOYJF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to Valmet's second quarter 2026 results webcast. I'm Pekka Rouhiainen from Investor Relations and with me today are Valmet's president and CEO Thomas Hinnerskov and our CFO Katri Hokkanen. Before we begin, I would like to briefly mention the separate stock exchange release we published this morning. Obama's board of directors has initiated a strategic review regarding a potential separation of the company's two business segments, biomaterial solutions and services, and process performance solutions into two standalone publicly listed companies. We are pleased to be able to share this important strategic step with you today. Next, Thomas will start by discussing the continued strategic development of Valmet, including the recently completed Severn acquisition and the strengthening of our process performance solutions business. He'll explain how these developments have led to the strategic review we announced today. He will then move on to review the key highlights and operational performance for the second quarter and Katri will cover the financial development in more detail, after which Thomas will return to discuss our guidance and market outlook. As usual, you may submit written questions through the webcast platform at any time and we will then also open up the lines for Q&A. But with that, Thomas, the floor is yours. Thank you, Pekka. As mentioned, I'll start by discussing the recent Severn acquisition and how we are continuously strategically developing Valmet's portfolio. Before turning to those topics, however, let me just make one comment shortly on our Q2 performance. For me, the second quarter, which was relatively strong in terms of net sales and comparable EBITDA, and also order intake, showed that Valma continues to move...