Valmet Oyj (VOYJF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Valmet's Third Quarter Result Webcast. My name is Pekka Rouhenen, Vice President of Investor Relations, and with me today are President and CEO Tomas Hinderskov and CFO Katri Hokkanen. Thank you for taking the time to join us today. We'll walk you through Valmet's Third Quarter. We will highlight our improving performance, key order wins, and how we are navigating a market that continues to present both challenges and opportunities. Agenda is straightforward and the usual. So first Thomas will present the Q3 highlights and discuss our strategy execution. And then Katri will go through the financials and Thomas then conclude with the guidance and market outlook. And after the presentations, we'll open the lines for your questions. And there's also the possibility to post the questions through the digital platform. So thank you again for joining us and your interest in Valmet. But with that, Thomas, the floor is yours. Thank you very much, Pekka. And also a warm welcome and good morning from my side. Before we start, I do want to highlight that we've updated the interim board and this presentation to reflect our two-segment structure in the new strategy, but also even more so making it more investor-friendly and easier to read. So I hope you appreciate that and actually have noticed the change from last time. Let's start with the key highlights for Valmet's third quarter, a period that truly demanded our best as the market was challenging in some of our key areas. It's important to be clear, while the process performance continued to benefit from a favorable market, biomaterials faced real headwinds, and that's why I'm pleased with the achievements in this quarter overall. This quarter was defined by improving performance and some...