Here are Antti’s comments from the call before the quiet period. 
On Tuesday, Koskisen published the Q&A from the call before the quiet period regarding key themes for the first quarter of 2026, which seemed to paint a more cautious picture of early-year business development than our expectations. Although the market situation has largely remained in line with our expectations, technical challenges at the Järvelä sawmill, exceptionally cold weather, and high energy prices have burdened the production volumes and profitability of both units in the Sawmill Industry segment. On the other hand, demand for birch plywood has remained good, and the order books for the Panel Industry segment have been stronger than usual at the beginning of the year. We will update our forecasts if necessary before Koskisen’s Q1 results are published on May 15th.