BillerudKorsnäs AB (publ) (BILL) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Billerwood Q4 Report 2025 webcast and conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you will need to press star 1 and 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 and 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Lena Shatawa, Head of Investor Relations. Please go ahead. Good morning and welcome to the presentation of the Builders 2025 year-end report. I'm joined by our President and CEO, Iva Vatne, and our CFO, Andrei Kleos. They will present the results and afterwards open up for questions from the telephone conference. With that, let's get started. Over to you, Ivan. Thank you, Lena, and good morning, everyone. And thank you all for listening in this Friday morning. 2025 has come to an end, and also for this year. It has been another eventful year with several twists and turns in our packaging universe. And as usual in IQ4, we will do a bit of an evaluation of the full year, before swimming into the quarterly results. So, let's get into it. Next slide, please. So, for 2025, you have heard me repeatedly talking about two stories or different realities in our regions. And that's really the essence of what 2025 has been familiar with. Continuing a very good run in North America while navigating through highly challenging market conditions in Europe. And North America has really had another outstanding year. And on a currency-neutral basis, net sales grew by 5%, although the market for...