Q1 2025 Befesa SA Earnings Call Transcript

Apr 30, 2025

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Apr 30, 2025 / 07:00AM GMT
Operator

Ladies and gentlemen, welcome to the first quarter 2025 results conference call. I am Yota the chorus call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a question and answer.

(Operator Instructions) The conference must not be recorded for publication or broadcast. At this time it's my pleasure to hand over to Rafael Perez. Please go ahead.

Rafael Perez - Befesa SA - Chief Financial Officer

Good morning, and welcome to the First Quarter 2025 Results Conference Call of Befesa. I am Rafael Perez, CFO of Befesa. And this morning, I'm joined by our Group CEO, Asier Zarraonandia.

Asier will start with an executive summary of the period, and then he will cover the business highlights for the Steel Dust as well as Aluminum Salt Slags recycling business. I will then review the financials by business and will cover the evolution of commodity prices, our hedging program and finally, cash flow, net debt and capital allocation. Asier will

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