Lars von der Hagen
CEO
Replay available
BELIMO Holding AG (LSE: 0QMR) Q4 2025 earnings conference call, held 2026-02-23. Replay captured from the company's public earnings webcast.

CEO
Head of Americas
Investor
Analyst, AutoBHF
Analyst, Valor Europe
Analyst, VanLanshot Kempten
Analyst, UBS
Analyst, Bloomberg Intelligence
Analyst, Jefferies
Good morning, ladies and gentlemen, and welcome to Belimo's 2025 results presentation. My name is Stefan Gick, Head of Investor Relations, and I have here with me Lars von der Hagen, CEO, and Markus Schörch, CFO of Belimo. We are also pleased to have today online with us, Sara Bancic, our new Head of Americas. Lars will start the presentation with a business and market review. then Markus will highlight the financials, followed by Sarah introducing herself and Belimo Americas. We will conclude the presentation with the outlook and take questions at the end. With that, I would like to open our presentation and hand over to Lars. The floor is yours. Thank you, Stefan. So, good morning, everybody here at the Hotel Widder. And, of course, also everybody who is here remotely. We look forward to the program today. And we conclude here then also with Q&As for everybody. Also, of course, those remotely. And then a reception with a light lunch, a porridge, as we call it, for those who are here. And I look forward to meeting you and talking to you this morning. Quick mention, we have Sarah Benchich here online. Today is actually a snowstorm in the U.S. Our factory is closed today. Flights have been canceled to the U.S., those that left today from Switzerland. But we still have a connection, but it might be a weak connection. But, yeah, we will keep our fingers crossed for Sarah's speech later on. 2025 was a great year for Belimo. I start here also with a photo of our employees. We have celebrated a lot last year, 50 years, Belimo. And that was also the reason why we thought we have to make it a strong year with great financial results because it wouldn't be fun to celebrate without good numbers. But what's really behind this result is our more than 2,700 colleagues who are wor...