For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Q: Can you explain the exceptional margins in the drum closure division and the geographical contributions to this growth? A: The growth in the drum closure division was due to strong sales across all geographies, including the US, Europe, China, and others. This widespread demand led to increased revenue and profitability. However, such exceptional results are not expected every quarter, as the baseline margin is typically around 30%, with occasional peaks like the 39% seen this quarter. (Respondent: Unidentified_3, Director and CEO)

Q: How are the tariffs affecting your scaffolding business in the US? A: The 25% tariffs on scaffolding in the US have not impacted us significantly as we have been able to pass these costs onto customers. Our main competition is from China, where tariffs are much higher at 70%, giving us a competitive advantage. (Respondent: Unidentified_3, Director and CEO)