Afry Ab (AFXXF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Earlier today, we released AFRIS Q4 and full year 2025 results. And I'll start by taking you through the main highlights from the report. And then I will hand over to our CFO, Bo Sundström, who will share more details on the financials. So let's begin with a brief overview of the full year of 2025. To summarize the year, it has truly been a year of laying the foundation for sustainable and profitable growth for AFRI. Since I took on the role as CEO a year ago, we have moved quickly, implementing a new simplified group structure and launching an ambitions restructuring agenda. This has enabled us to initiate harmonized ways of working across the business and measures to improve operational efficiency. In November, we introduced our new focus strategy, Unlocking AFRI, which aims to realize the full potential of our company. Alongside this, we also introduced new financial targets for 2028. So as we enter 2026, we are already well underway in executing on our strategy. And while we have driven change across the organization, it has been absolutely essential for us to maintain the business momentum and continue delivering to our clients, which remains our top priority. This has meant a strong focus on capturing opportunities in sectors with significant growth potential. At the same time, we have navigated challenging market conditions in several of our segments this year. Global uncertainty has remained high, impacting the overall investment sentiment across many sectors. We have also adjusted capacity throughout the year in line with our strategic priorities, which includes market-related capacity adjustments. This has, together with the significant currency effect, had an impact on our sales development for the full year. We also experienced a weak calendar during 2025...