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

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Replay transcript excerpt

WEBVTT 00:00:01.162 -- 00:00:05.649 Welcome, everyone. Christopher and Joel here. 00:00:05.649 -- 00:00:08.594 Looking forward to present 00:00:08.594 -- 00:00:12.681 the full year in Q4, and of course, some questions. 00:00:12.681 -- 00:00:16.386 So I guess we'll get straight into the 00:00:16.386 -- 00:00:18.386 numbers. 00:00:18.630 -- 00:00:23.538 Thanks. So just wanted to start a little bit talking about the year as well, and then 00:00:23.538 -- 00:00:28.779 we'll dig into the quarter. But all in all, We're very happy 00:00:28.779 -- 00:00:33.805 with the year. We're highlighting here on the slide 00:00:33.805 -- 00:00:38.631 a fantastic cash flow, which we surely will come back to. 00:00:38.631 -- 00:00:43.597 But we see the improvements coming through here during the year on the things we worked 00:00:43.597 -- 00:00:46.641 on for quite some time. It's very satisfactory. 00:00:46.641 -- 00:00:50.234 And of course, on the cash flow, it puts us in a very good position. 00:00:50.234 -- 00:00:55.720 continue on the m&a activity and we'll come back to that as well 00:00:55.720 -- 00:01:01.065 also very happy about the margin very good margins throughout the year despite 00:01:01.065 -- 00:01:06.170 you know limited growth in the business we'll continue to see progress 00:01:06.170 -- 00:01:11.215 and all the initiatives we're doing on the margin side and also in a solid year three 00:01:11.215 -- 00:01:13.438 percent organic growth 00:01:13.438 -- 00:01:15.820 and of course 00:01:15.820 -- 00:01:21.077 we expect that when The markets have proved a little bit to come back at a higher level, 00:01:21.077 -- 00:01:25.622 which puts us in a very good position, I would say. 00:01:25.622 -- 00:01:30.669 It's also done the record margin 10.7%, so solid margin developed f...