Yara International Asa (YRAIF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Yara's second quarter results conference call. Please note that this call is being recorded. After the speaker's prepared remarks, there will be a question and answer session. If you'd like to ask a question during that time, please press star followed by one on your telephone keypad. Thank you. I'd now like to hand the call over to Maria Gabrielson, Head of Investor Relations in Yara. Please go ahead. Hello, and welcome to everyone to this conference call for our second quarter results. We hope you all watched today's presentation. So, I'm going to go straight into Q&A, but I'm here in the room together with our CEO, Svein Kudimur Sete, our CEO, Magnus Kors Ankerstrand, and also Head of Marketing and Intelligence, Svein Kudimur, and other representatives from Jagra. So, with that, please operate. If you open the first slide, I will give you the Thank you. Your first question comes from the line of Christian Feitz of Kepler-Cherveau. Your line is now open. Yes, I hope you can hear me. Thanks for taking my two questions, please. First of all, can you please share some thoughts on the Yara Blue Ammonia project planning in the U.S., particularly in the context of the Big Beautiful Doe? And my second question would be, would you attribute any demand destruction in Europe in Q2 to adverse weather conditions, i.e. the extended drought, or is it simply the pre-flying effect on the back of an early spring last year? Yeah, could you just repeat the second part of your first question here, if that's allowed a bit? So, yeah, I mean, your blue ammonia project where you still have to do an FID at some point, my understanding is either late this year or early next year. But, you know, with the IRA kind of being phased out with a big beautiful bill by Mr. Trump...