Agfa-Gevaert NV (AFGVF) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.118 Ladies and gentlemen, welcome to the AGFA full year 2025 results conference 00:00:05.118 -- 00:00:10.024 call. For the first part of the conference call, the participants will be in listen-only 00:00:10.024 -- 00:00:14.890 mode. During the questions and answer session, participants are able to ask questions 00:00:14.890 -- 00:00:18.535 by dialing pound key five on their telephone keypad. 00:00:18.535 -- 00:00:22.881 I will now hand the conference over to Pascal Jouery, CEO. 00:00:22.881 -- 00:00:25.441 Please go ahead. 00:00:26.255 -- 00:00:31.360 Hello, everyone. I'm sitting in Mortsel right now with Fiona Lam, our CFO, 00:00:31.360 -- 00:00:37.065 Vivian Dictus, our investment relationship manager, and the rest of the executive committee. 00:00:37.065 -- 00:00:41.889 I'm going to walk you through the Q4 and full year results for the group. 00:00:41.889 -- 00:00:45.973 My first message is indeed we had a quite strong Q4. 00:00:45.973 -- 00:00:51.057 I would like to remind everyone that we do have a strong seasonality in our business 00:00:51.057 -- 00:00:54.605 and that every year Q4 is by far the strongest quarter. 00:00:54.605 -- 00:00:59.951 But I realize that in 25, actually, we almost 00:00:59.951 -- 00:01:05.197 beat all records, because Q4 EBITDA is 2 thirds 00:01:05.197 -- 00:01:10.903 of the EBITDA of the year. So it's even more pronounced, 00:01:10.903 -- 00:01:14.868 I would say, than the years before. 00:01:14.868 -- 00:01:20.034 Also, second very positive point, positive cash flow performance in the quarter 00:01:20.034 -- 00:01:25.634 and in the year. uh so i'm gonna move the slide a bit indeed 00:01:25.634 -- 00:01:30.804 a positive performance of cash flow due 00:01:30.804 -- 00:01:35.873 to three elements i would ...