Mathilde Rodier
Head of Investor Relations
Replay available
Danone S.A. (OTC: DANOY) Q4 2025 earnings conference call, held 2026-02-20. Replay captured from the company's public earnings webcast.

Head of Investor Relations
Chief Executive Officer
Chief Financial Officer
Analyst, UBS
Analyst, J.P. Morgan
Analyst
Analyst
Analyst, Morgan Stanley
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WEBVTT 00:00:00.233 -- 00:00:05.619 Thank you for standing by. Welcome to the Danone 2025 Annual Results Conference 00:00:05.619 -- 00:00:10.083 Call. At this time, all participants are in a listen-only mode. 00:00:10.083 -- 00:00:14.007 After the speaker's presentation, there will be a question and answer session. 00:00:14.007 -- 00:00:19.113 To ask a question during the session, you will need to press star 1 1 00:00:19.113 -- 00:00:24.679 on your telephone. You will then hear an automated message advising your hand is raised. 00:00:24.679 -- 00:00:29.309 To withdraw your question, please press star 1 1 again. 00:00:29.309 -- 00:00:32.854 Please be advised that today's conference is being recorded. 00:00:32.854 -- 00:00:38.361 Our speakers today will be Antoine de Saint-Afrique, CEO, and Jürgen 00:00:38.361 -- 00:00:43.768 Esser, CFO. I would now like to hand the conference over to your speaker today, Mathilde 00:00:43.768 -- 00:00:48.771 Rodier, Head of Investor Relations. Please go ahead. 00:00:49.555 -- 00:00:50.216 Thank you. 00:00:50.216 -- 00:00:54.001 Good morning, everyone. Mathilde Rodier speaking, Head of Investor Relations. 00:00:54.001 -- 00:00:59.583 Thank you for being with us this morning for Balance Full Year 2025 Results Course. 00:00:59.583 -- 00:01:05.272 I'm here with our CEO, Antoine de Saint-Afrique, and our CFO, Jurgen Ester, 00:01:05.272 -- 00:01:09.279 who will go through some prepared remarks before taking your questions. 00:01:09.279 -- 00:01:14.988 And before we start, I draw your attention to the disclaimer on slide 44 of the presentation 00:01:14.988 -- 00:01:19.255 related to forward-looking statements and the definition of financial indicators that 00:01:19.255 -- 00:01:24.448 we'll refer to during the presentation. And with that, let...