Aperam Sa Ord (APMSF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the APERAM fourth quarter 2025 results conference call. I'm Lorenzo, the chorus call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and 0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Sud Sivai, CEO. Please go ahead, sir. Thank you very much for joining our conference call today. All our comments were contained in the podcast that we published this morning, which, you know, supports our quarterly financial reporting and where applicable, our disclosure of regulated information. We also save more time for your pertinent questions during this call. Good afternoon to everyone joining this call. Together with my colleague, Nicolas Changerot, we're looking forward to answering your questions. So let's start straight away with Q&A. Thank you. Operator, if you could open the lines. We will now begin the question and answer session. Anyone who wishes to ask a question may press start and 1 on their touch phone telephone. You will hear a tone to confirm that you have entered in the queue. If you wish to remove yourself from the question queue, you may press star and two. Participants on the phone are requested to disable the loudspeaker mode while asking a question. Anyone who has a question may press star and one at this time. The first question comes from the line of Gresser Tristan from BNP Paribas. Please go ahead, sir. Hi, thank you for taking my questions. I have two. The first, could you help us understand a bit the ...