Aalberts Indus Nv Ord (AALBF) Q4 2025 Earnings Call

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WEBVTT 00:00:01.162 -- 00:00:06.768 Good morning everybody. Welcome at our full year 2025 results 00:00:06.768 -- 00:00:08.349 presentation. 00:00:08.349 -- 00:00:12.814 It's good to see so many of you joining today's webcast. 00:00:12.814 -- 00:00:18.300 I'm happy to introduce to you our CEO Stefan Simonetta and our CFO 00:00:18.300 -- 00:00:20.640 Frans van Houten. 00:00:20.962 -- 00:00:25.887 Stefan will kick off the presentation with some business highlights followed by Frans 00:00:25.887 -- 00:00:29.709 who will give an update on our financial developments. 00:00:29.950 -- 00:00:35.296 Stefan will then share some insights on strategy in action and 00:00:35.296 -- 00:00:38.818 provide an outlook for the year 2026. 00:00:40.922 -- 00:00:45.307 After the presentation, we will give you the opportunity to engage directly with us via 00:00:45.307 -- 00:00:47.848 the Q&A session. 00:00:48.270 -- 00:00:53.496 Later today, we will make both the presentation and the recording of today's 00:00:53.496 -- 00:00:57.318 webcast available via our website. 00:01:00.460 -- 00:01:02.643 to start the presentation. 00:01:02.643 -- 00:01:06.127 Thank you, Rutger. And good morning, everyone. 00:01:06.127 -- 00:01:08.329 Let's start this presentation 00:01:08.329 -- 00:01:13.413 with a few key messages about our 2025 results. 00:01:13.475 -- 00:01:17.921 First of all, it is no secret that our performance has been impacted by the continuous 00:01:17.921 -- 00:01:21.365 short-term and market softness. 00:01:21.365 -- 00:01:25.115 And during the year, we have been focusing at Alberts 00:01:25.115 -- 00:01:30.543 in what is within our control where we could still take action and we did some good 00:01:30.543 -- 00:01:36.152 progress in our operational excellence initiative in order to prot...