Aalberts Indus Nv Ord (AALBF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everybody. Welcome at our full year 2025 results presentation. It's good to see so many of you joining today's webcast. I'm happy to introduce to you our CEO Stefan Simonetta and our CFO Frans van Houten. Stefan will kick off the presentation with some business highlights followed by Frans who will give an update on our financial developments. Stefan will then share some insights on strategy in action and provide an outlook for the year 2026. After the presentation, we will give you the opportunity to engage directly with us via the Q&A session. Later today, we will make both the presentation and the recording of today's webcast available via our website. to start the presentation. Thank you, Rutger. And good morning, everyone. Let's start this presentation with a few key messages about our 2025 results. First of all, it is no secret that our performance has been impacted by the continuous short-term and market softness. And during the year, we have been focusing at Alberts in what is within our control where we could still take action and we did some good progress in our operational excellence initiative in order to protect our margin. Very good progress in free cash flow improvement with lower inventory, lower capex. Very good progress. This is for me one of the key highlights in 25 with our portfolio optimization with great acquisitions and also progress in our divestment. But 25 was also the first year of the deployment of our Thrive 2030 strategy, a foundation for future growth. So in a year, one on one hand, we celebrated our 50th anniversary at Alberts. We took a lot of action to strengthen our portfolio, improve our position, and navigate through the end market challenges. The results going into the numbers. And France will give you more details ...