De Longhi Spa (DELHF) Q4 2025 Earnings Call

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WEBVTT 00:00:00.757 -- 00:00:03.742 Good afternoon, this is the Coruscall conference operator. 00:00:03.742 -- 00:00:09.992 Welcome and thank you for joining the De'Longhi Full Year 2025 consolidated results. 00:00:09.992 -- 00:00:15.021 As a reminder, all participants are in listen-only mode, and after the presentation 00:00:15.021 -- 00:00:18.744 there will be an opportunity to ask questions. 00:00:18.947 -- 00:00:22.974 Should anyone need assistance during the conference call, they may signal an operator 00:00:22.974 -- 00:00:27.017 by pressing star and zero on their telephone. 00:00:27.098 -- 00:00:30.042 At this time, I would like to turn the conference over to Mr. 00:00:30.042 -- 00:00:35.527 Fabio De'Longhi, Chief Executive Officer. Please go ahead, sir. 00:00:37.173 -- 00:00:41.239 Good afternoon, ladies and gentlemen, and thank you for joining the De'Longhi Group Conference 00:00:41.239 -- 00:00:46.306 call for our full year 2025 results. With me on the call today 00:00:46.306 -- 00:00:51.734 are Nicola Serafin, Group General Manager, Stefano Biella, CFO, Samuele Chiodetto, 00:00:51.734 -- 00:00:55.596 Investor Relations Director, and M&A Manager. 00:00:55.921 -- 00:00:59.366 Very pleased with the results delivered in 2025, 00:00:59.366 -- 00:01:05.274 which strengthen our standing as a global leader in the coffee industry, 00:01:05.274 -- 00:01:10.742 extending our reach across both home and professional areas while maintaining a significant 00:01:10.742 -- 00:01:14.687 presence in the domestic nutrition space. 00:01:14.687 -- 00:01:19.153 The market backdrop has been challenging over the last 12 months. 00:01:19.153 -- 00:01:24.214 On one hand, navigating a number of geopolitical events, and on the other, 00:01:24.214 -- 00:01:28.076 witnessing an evolving...