Olvi Oyj Unsp/Adr

Welcome to ISALMI. Thanks for joining us. It's our pleasure to be here today to share with you both our Q2 earnings as well as our half-year report. We're actually at the brewery here in ISALMI where everything started in 1878. And more specifically, we're in a brewery museum, the only one that's open to the public here in Finland. So we welcome you to visit anytime. I know some of you already have. but a great place to be and reflect on the first half of the year. Before we get to the gist of things, a little disclaimer. We'll be referring to the future that always holds some uncertainties within itself. And then an introduction. Many of us have met before, but Tina-Liisa Liukkonen, our CFO, and myself, Patrik Lundell, we have the pleasure of hosting you today. Let's start by looking at a few highlights from Q2. And then I'll give you a little heads up as well that we have a short video right after this slide. But when we look at Q2, I'd like to reflect a bit on our strategy. And one of the cornerstones of our strategy is to drive profitable growth in our core offering. Our core offering, which is tailored to local consumer and customer needs. And it is remarkably satisfying to see how strong our brands are and how strong our market shares remain, despite the challenging environment in which we operate. Our profits have been improving during the second quarter again, in line with our plans and expectations, driven both by pricing and portfolio choices. We're also here in Iisalmi particularly satisfied with the progress we're making with executing our investments, and that's what the video will be all about. But in summary, as a whole, Q2 is one that we're pleased with in terms of performance because it's all coming in according to plan. And I can't emphasize enough the challenging environment, both from a consumer purchasing power perspective, the softness in demand that we see across categories as a whole. and across markets, but again, the resilience of our offering and demand for our propositions. But with those introductory words, before we go into the actual numbers, I'd ask you to play the short video that we have prepared for you, going around the factory site here in Iisalmi. Hi guys, here we are, Tomi and Risto. Tomi is our head of production and supply chain and Risto our technical brewmaster. Why don't you tell us a bit about the installation behind us?

Yeah during the fermentation process the yeast creates huge amount of CO2 and with this plant we're able to recover it, purify it and use it in our own production with support values in cost ways and also in environmental targets.

Yeah that's fully true and we are getting 24-7 running plant and it saves something like one million euros annually.