adesso SE (0N5I) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.031 First 00:00:03.075 -- 00:00:08.462 of all, I'd like to thank you for joining our Q4 and full year earnings call regarding 00:00:08.462 -- 00:00:11.305 our annual report we have published today. 00:00:11.305 -- 00:00:15.791 Within our release this morning, you found ADESA confirming the preliminary full year 00:00:15.791 -- 00:00:20.798 2025 figures published in February. ADESA showed another year 00:00:20.798 -- 00:00:25.043 of extraordinary growth. Sales reached 1.47 00:00:25.043 -- 00:00:29.579 billion euros and was up by 14% purely organic. 00:00:29.579 -- 00:00:33.261 EBITDA of Euro 123.6 00:00:34.866 -- 00:00:40.153 million rose by 30% and reached the upper end of the guided range, so targets were 00:00:40.153 -- 00:00:43.978 fully met. Outlook for 2026 sees 00:00:43.978 -- 00:00:48.745 further growth in sales and earnings for the company, although macroeconomic situation 00:00:48.745 -- 00:00:53.932 remains challenging. I'd now like to welcome as well our CFO, Michael Knopp, who will 00:00:53.932 -- 00:00:59.240 give us a deeper insight into last year's figures, the dividend proposal, 00:00:59.240 -- 00:01:04.348 and the guidance for the current year. As always, I'd like you to mute yourself during 00:01:04.348 -- 00:01:09.716 the presentation. Feel free to open up the channels for the Q&A session afterwards. 00:01:09.716 -- 00:01:14.724 Participants on phones may want to mute or unmute their microphones via the star 00:01:14.724 -- 00:01:17.008 key followed by the number 6 of their phone. 00:01:17.008 -- 00:01:19.258 Followed by the number 6 of their phone. Thank you so far. 00:01:19.258 -- 00:01:22.400 And Michael, please go ahead. 00:01:23.024 -- 00:01:24.045 Good morning, everybody. 00:01:24.045 -- 00:01:25.788 I 00:01:25...