Eramet Sa Unsp/Adr (ERMAY) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.242 Good morning, everyone, and welcome to Eramet's annual result presentation. 00:00:06.242 -- 00:00:12.273 I know most of you from my past as chair and CEO of Eramet 00:00:12.273 -- 00:00:17.844 in the last eight years. And as you know, I have resumed the role of 00:00:17.844 -- 00:00:22.913 CEO on an interim basis at the request of the board. 00:00:22.913 -- 00:00:27.919 It was not part of my personal plan. 00:00:27.919 -- 00:00:33.565 One year ago, I decided not to seek a third mandate for personal reasons, 00:00:33.565 -- 00:00:39.492 and I have not changed my mind. However, when the board asked 00:00:39.492 -- 00:00:45.279 me to step in, I felt the responsibility towards the group, 00:00:45.279 -- 00:00:47.561 towards its stakeholders, 00:00:47.561 -- 00:00:52.929 and above all, towards its teams. I know this company extremely 00:00:52.929 -- 00:00:58.560 well. I know its strengths. And I know what it takes to navigate 00:00:58.560 -- 00:01:04.551 a difficult cycle. And I want to see the group succeed. 00:01:04.551 -- 00:01:10.943 So this is a temporary mission. A search for a new CEO is 00:01:10.943 -- 00:01:16.471 underway. but I will stay as long as needed to ensure 00:01:16.471 -- 00:01:21.820 continuity and stability for the group, and I will hand over 00:01:21.820 -- 00:01:25.225 once a successor will be appointed. 00:01:25.225 -- 00:01:30.573 In the meantime, I'm fully engaged and fully accountable, and as 00:01:30.573 -- 00:01:36.242 you will see today, I have a strong team with me, so 00:01:36.242 -- 00:01:42.588 operational and financial continuity is fully ensured at Eramet. 00:01:44.082 -- 00:01:47.404 So the 00:01:48.067 -- 00:01:51.890 agenda of today is the following. 00:01:52.032 -- 00:01:57.720 I will do an intro...