Bossard Holding AG (0QS5) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to our annual Financial Analyst and Media Conference 2026. We are streaming this event and will make it available later this afternoon. Stefan Zehnder, our CFO, and I would like to guide you through the following agenda. I will start with the Key Developments 2025. Stefan Zehnder will then navigate you through the financials. I will continue with our Strategy 200 progress and our strategic priorities for 2026. For those that are not familiar with Bossart, the Strategy 200 defines our strategic ambition towards 2031, when Bossart turns 200 years old. The strategy and its initiatives are also described in detail in our Investors Manual available online. After this, I will briefly reiterate our mid-term financial targets, and we will then be happy to answer your questions. So let me start with the Key Developments 2025. I'd like to split those in two sections, Market Developments and Boss-out-related Key Developments. From a market perspective, we were faced with another challenging market environment with ongoing geopolitical and economic uncertainties. Asia, particularly India and Malaysia, showed positive market dynamics, whereas Europe and the Americas only stabilized in the second half of the year, partially supported by tariff-related price increases in the US. We were faced with weakening demand, especially in export-oriented and cyclical industries. These were offset by solid momentum in sunrise industries such as aerospace, railway, data center, energy, semiconductor, and automation industries. The lack of staff, higher cost pressure, and ongoing digitalization led to an increasing demand for automated, data-driven, sea parts management solutions. Throughout the year, we experienced a significant Swiss franc appreciation versus most currencies. From a B...