Carlsberg As Shs A (CABHF) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.298 Ladies and gentlemen, welcome to the Carlsberg FY2025 Financial Statement 00:00:05.298 -- 00:00:08.563 Conference Call. I am Heli, the conference call operator. 00:00:08.563 -- 00:00:13.590 I would like to remind you that all the participants will be in listen-only mode and 00:00:13.590 -- 00:00:19.198 the conference is being recorded. The presentation will be followed by a Q&A session. 00:00:19.198 -- 00:00:24.125 You can register for questions at any time by pressing star and 1 on your telephone. 00:00:24.125 -- 00:00:28.347 For operator assistance, please press star and 0. 00:00:28.347 -- 00:00:32.433 The conference must not be recorded for publication or broadcast. 00:00:32.433 -- 00:00:37.139 At this time, it's my pleasure to hand over to Jakob Arup-Andersen, CEO. 00:00:37.139 -- 00:00:39.580 Please go ahead. 00:00:40.624 -- 00:00:45.010 Thank you very much, operator, and good morning, everyone, and welcome to Carlsberg's 00:00:45.010 -- 00:00:50.297 full-year 2025 conference call. As said, my name is Jakob 00:00:50.297 -- 00:00:55.044 Arup-Andersen. I'm the group CEO, and I have with me our group CFO, Ulrike Föhr, and 00:00:55.044 -- 00:00:58.847 Vice President, Investor Relations, Peter Kontroth. 00:00:58.942 -- 00:01:04.151 2025 has been an eventful year. We executed on major initiatives that will shape 00:01:04.151 -- 00:01:08.960 the future of Carlsberg, while at the same time we navigated through quite a volatile 00:01:08.960 -- 00:01:14.310 environment in the year. Let me summarize the key headlines for the year. 00:01:14.310 -- 00:01:18.257 We closed the BritBic transaction in mid of January. 00:01:18.257 -- 00:01:23.403 We upgraded synergy expectations and over-delivered on expected 2025 synergies. 00:01:23.680 -- 00:...