adesso SE (0N5I) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

First of all, I'd like to thank you for joining our Q4 and full year earnings call regarding our annual report we have published today. Within our release this morning, you found ADESA confirming the preliminary full year 2025 figures published in February. ADESA showed another year of extraordinary growth. Sales reached 1.47 billion euros and was up by 14% purely organic. EBITDA of Euro 123.6 million rose by 30% and reached the upper end of the guided range, so targets were fully met. Outlook for 2026 sees further growth in sales and earnings for the company, although macroeconomic situation remains challenging. I'd now like to welcome as well our CFO, Michael Knopp, who will give us a deeper insight into last year's figures, the dividend proposal, and the guidance for the current year. As always, I'd like you to mute yourself during the presentation. Feel free to open up the channels for the Q&A session afterwards. Participants on phones may want to mute or unmute their microphones via the star key followed by the number 6 of their phone. Followed by the number 6 of their phone. Thank you so far. And Michael, please go ahead. Good morning, everybody. I will guide you now through our annual financials for 2025. And before I start, I need to highlight that we have restated our figures for 2024. I will explain this later to you. As always, we start with our sales. Sales last year came in with 1,466,000,000. That's an increase of 40% compared with our previous year, 1,286,000,000. We are very, very satisfied with these figures. I mean, this is a very strong growth, purely organic. within a tough market environment. And if we a little bit look back at the beginning of the year, at our expectations, 2023, 2024, Germany was in a recession, and Germany is our most importan...