Nokian Tyres Plc

Good afternoon from Helsinki and welcome to Nokian Tyres Q3 2020 results conference call. My name is Päivi Antola and I am the Head of Investor Relations in Nokian Tyres and together with me in this call I have Jukka Moisio, the President and CEO of the company and Teemu Kangaskärki, the CFO. Jukka, you have now been some five months the CEO of Nokian Tyres. What are your key impressions so far?

Thank you, Päivi, for the question. And first of all, on my behalf, also welcome to this results call. So what are my feelings or thoughts right now? I would say that we are very much on track on doing things that we set out to do. So first of all, to try to sell more tires and focus on that. and also launch new products, because that is a lifeline of the company, and allows then the future volumes and better price points. But at times like these, when COVID is still around and hasn't disappeared, it's really important that we have been focusing on cost and cash flow, and I think that the important continued focus in that area will help us also in the fourth quarter and early into 2021. But my summary is that we are very much on track on doing things and executing the actions that we set out to do.

Very good. And then let's move on to Q3. And as usual, start with the presentation, what we have prepared, and then continue with the Q&A. So, Jukka, please go ahead.