Rottneros AB (publ)

Hello and welcome to today's webcast presentation. We have Rottneros with CEO Lennart Eberle and CFO Monica Pasenen who will present the Q3 report for 2024 and ask questions during the Q&A after the presentation. If you have any questions, please use the form that is located to the right. And with that said, please go ahead with your presentation.

Thank you very much, Martin, and hello everybody to this quarter's results presentation. We find Looking into the highlights we see that despite a little bit of a slowdown and the Especially on the hardwood side the softwood market has remained more stable and especially our niches for you Very stable we've seen that some of our competitors have fallen out and we have already signed contracts for next year higher volumes and maintain good prices. Alt of 40 million have been impacted materially by the continuously high They are burdening the profit and loss statement that we're having. But on the other side, we feel very comfortable with the volumes and the inflow of raw materials into our pulp molds. 2024 is a year of high investments. There are projects going on in our two pulp molds. Those are coming to an end and will lead to fruition in the coming months and years. making us more efficient, more competitive and more resilient in this current climate. Seeing that the new forming machines are coming on site in both Poland and Suna with one machine. So that is very exciting, and we are happy that these big investments, which nevertheless have taken a lot of time for us and our small organization. If we're looking into the market, we see it continue to increase, especially driven by the development in China earlier this year. in the future to be a bigger spread between hardwood and soft of this presentation a bit more about that but looking into our market which is the softwood market we've seen that prices have peaked as usually this is the quarterly average price which is now at the top of this cycle and as you can see on the lower graphs which are the net prices spot volumes way into these indexes and driven the prices down a little bit. Again, stable demand for R&D software market. CTMP, however, is a bit by the fact that a lot of market CTMP is going into Asia and here the slow market in China has set it and volumes however still having a favorable exchange rate between the kroner and the us dollars looking into the stock development we've seen that earlier that stocks have come up approaching levels which can certainly be seen as approaching 48 days and this is of course always Here on the monthly list prices, you see that they have come down after the peak. Moreover, this is an oversupply situation for the hardwood. We make softwood, but hardwood is impacting the total market. It's the biggest share of the chemical market. And a lot of projects have been started up during the course of this year. And the suppliers already have enough.

Erosion is not continuously increasing.