Beijer Ref AB (publ) (BEIJ_B) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome, everyone. Christopher and Joel here. Looking forward to present the full year in Q4, and of course, some questions. So I guess we'll get straight into the numbers. Thanks. So just wanted to start a little bit talking about the year as well, and then we'll dig into the quarter. But all in all, We're very happy with the year. We're highlighting here on the slide a fantastic cash flow, which we surely will come back to. But we see the improvements coming through here during the year on the things we worked on for quite some time. It's very satisfactory. And of course, on the cash flow, it puts us in a very good position. continue on the m&a activity and we'll come back to that as well also very happy about the margin very good margins throughout the year despite you know limited growth in the business we'll continue to see progress and all the initiatives we're doing on the margin side and also in a solid year three percent organic growth and of course we expect that when The markets have proved a little bit to come back at a higher level, which puts us in a very good position, I would say. It's also done the record margin 10.7%, so solid margin developed for the year. We also have 4.4 billion of cash flow, which I think is 110, 110% cash conversion. So it's very good, which puts us in a strong balance sheet with a net debt of 1.7, you know, including all acquisitions there that we announced in Q4. So I think it looks very good. And then we have finally the dividend proposal of a growth of 7% at 1.50. So all in all, I mean, we continue to grow. The model continues to develop and we see a solid 2025 behind us and look forward to moving into 2026. So then looking into a little bit on Q4, and I think it's the same story as we had all year long on the business. Rem...