welcome to K's results Studio we have just published our Q2 results and here with me I have Miko uh Miko before we go on our summer holidays uh let's go through our Q2 results quickly let's do that yes uh how would you describe the second quarter after a really good q1 well overall I would say that we had a solid quarter so if we start from the markets they continued to recover during the quarter and our own performance was also solid particularly in the industry and water segment so following the continued in Market recovery uh we saw sort of considerable volume growth year on year and also slight volume growth compared to the first quarter of the year on the other hand sales prices they did decline uh this was due to the sort of lower sales prices for the energy intensive pulp and bleaching chemicals and as a whole taking all these into account are organic growth was slightly positive so uh the good growth in industry and water segment compensated for the slight decline in palpa paper then think about profitability so that continued to be strong operative EA margin during the quarter was 19.2% so at the strong level this was really thanks to the continued strong performance in the industry and water segment which has now consistently over many quarters uh shown strong margin performance on the palp and paper side there the margin was 16.5 during a seasonally lower Quarter G also announced two Investments uh regarding water treatment business in July uh does this uh reflect a new era in uh strategy execution well indeed we did announce two new projects in the industry and water segment that these are part of our profitable growth strategy if we start from the first one so on the acquisition front we took our first steps into the activated carbon Market which is particularly used in micropollutant removal in in wastewater treatment uh so what we did is that we acquired a small reactivation facility in the UK uh and this really marks uh marks our entry into the activated carbon Market which we find attractive and it is a growing Market as well uh so legislation regulation around micropollutant removal particularly pasas removal is expected to tighten in the coming years and we do do believe that chra is in a good position to benefit from that growth in this market as we have very high market shares in wastewater treatment in Europe and also in North America and there was something also in Spain indeed we also announced an investment in Spain so we are sort of expanding our coagulant capacity in our in our sort of coagulant plant close to Barcelona this is really to cater for growing Market needs particularly around various biog gas application also around phosphorus removal in Europe and sort of both of these Investments so the acquisition and the investment in Spain do reflect our strong ambition to significantly expand our water treatment business G also published a positive profit warning earlier earlier in June uh how do you look at the year 24 going forward indeed as you said so we did upgrade our Outlook in mid June uh this reflected the continued and Market recovery that we've been seeing and the Outlook was upgraded both both for the revenue and also for operative EA and as discussed previously in in the interview so our performance in Q2 was solid and we do look at the remainder of this year with confidence so we do expect the end markets to continue to recover for the remainder of this year and we also expect variable costs to remain rather stable for the remainder of this year thank you for the highlights Miko thank you uh and thank you for joining our results studio if you have any IR related questions feel free to contact both of us uh we will host our Capital markets day in September uh please remember to register and meanwhile have a lovely summer have a nice summer thank you