flatexDEGIRO AG (0W89) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.436 Good afternoon, everyone. We hope you're well. 00:00:02.436 -- 00:00:07.506 Thank you very much for joining us today and a warm welcome to our presentation of 00:00:07.506 -- 00:00:12.996 the preliminary results 2025 and our update on our strategic 00:00:12.996 -- 00:00:16.904 priorities, which we first introduced last year. 00:00:16.904 -- 00:00:21.513 My name is Achim Schreck. I'm heading the IR department here at Flat-Tex de Giro. 00:00:21.513 -- 00:00:26.530 Before we get started, let me briefly address a few housekeeping items. 00:00:26.530 -- 00:00:31.546 First of all, it's my pleasure to welcome today's speakers, our CEO, Oliver Behrens, 00:00:31.546 -- 00:00:35.814 as well as our CFO, Dr. Benolianos. 00:00:35.873 -- 00:00:40.580 We will start today's presentation with some few opening remarks by Oliver, after which 00:00:40.580 -- 00:00:46.568 Benon will present a more detailed overview of our preliminary full year results 00:00:46.568 -- 00:00:51.756 and also highlight some key developments in the fourth quarter that will surely 00:00:51.756 -- 00:00:57.440 be helpful to better understand our underlying performance in the last quarter. 00:00:57.440 -- 00:01:02.923 Afterwards, Oliver will return to provide an update on our key strategic priorities, 00:01:02.923 -- 00:01:08.598 as we had them presented exactly one year ago, the same space. 00:01:09.185 -- 00:01:14.872 As some of you might know, the newly endorsed accounting standard IFRS 18 00:01:14.872 -- 00:01:18.738 will come into effect in January 2027, having 00:01:18.738 -- 00:01:23.223 some minor implications on how our P&L will be structured. 00:01:23.223 -- 00:01:28.751 And we will use the opportunity today to just give you a glimpse into what to 00:01:28.751 -- 00:...