Svenska Cellulosa Aktiebolaget SCA (publ) (OTCPK

VCBF) Q2 2025 Earnings Conference Call July 25, 2025 4:00 AM ET Company Participants Anders Edholm - Senior Vice President of Sustainability & Communications Andreas Ewertz - Chief Financial Officer Ulf Larsson - President, CEO & Director Conference Call Participants Andrew Ian Jones - UBS Investment Bank, Research Division Charlie Muir-Sands - BNP Paribas Exane, Research Division Cole Hathorn - Jefferies LLC, Research Division Ephrem Ravi - Citigroup Inc., Research Division Ioannis Masvoulas - Morgan Stanley, Research Division James Perry - Citigroup Inc., Research Division Lars F. Kjellberg - Stifel, Nicolaus & Company, Incorporated, Research Division Linus Larsson - SEB, Research Division Martin Melbye - ABG Sundal Collier Holding ASA, Research Division Oskar Lindstrom - Danske Bank A/S, Research Division Pallav Mittal - Barclays Bank PLC, Research Division Anders Edholm Good morning, and welcome to this presentation of SCA's 2025 Half Year Results.