Bystronic AG (0QW1) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody. A warm welcome to our Bystronic full-year research for 2025. I'm happy to welcome Heinz Baumgartner, our Chair, dear investors. We will go through the presentation. I have Javier Perez here, our new CFO. He will maybe introduce himself later as well. Please take a minute to go through the disclaimer. I will read it at the same time and then continue in the expectation that you are as fast as me by reading it. Perfect. So we will start with a business review. Javier will then take over for the financial review. We will do an outlook together and we will take a little bit more time for the Q&A session. Let me start with the business review. You have seen the numbers already this morning. I will elaborate a bit more later on the regions and so on. So we had an order intake of 634.5 million Swiss franc, which is a 5% increase at constant exchange rate. We had, as expected, a little bit lower net sales compared to last year at constant exchange rate by 2.2%. I will elaborate on the reasons why and so on as well. I think what was an achievement, of course, we are not happy with the numbers, but it was with an extremely improved EBIT, which is minus 19.8 million compared to the 84 million we had in the previous year. Adjusted EBIT without the one-offs was 47 million, which is in comparison to last year, a big improvement because we have even much less net sales. The operating free cash flow was slightly higher than in 2024, despite the fact that we had the payments of the one offs with severance payments. So the cash out was this year, but we will elaborate on this one as well. So in overall, the numbers are in line with what we have expected. Again, on the A-B side, slightly higher. On the H-A, slightly lower than we had expected. What is really po...