Fresenius Medical Care AG (FMS) Q4 2025 Earnings Call

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WEBVTT 00:00:00.301 -- 00:00:04.826 Thank you, Moritz. Welcome, everyone, to our earnings call for the fourth quarter and 00:00:04.826 -- 00:00:10.032 the financial year 2025. As always, I start out the call by mentioning our 00:00:10.032 -- 00:00:14.838 cautionary language that is in our safe harbor statement as well as in our presentation 00:00:14.838 -- 00:00:18.362 and in all the materials that we have distributed earlier today. 00:00:18.362 -- 00:00:23.227 For further details concerning risks and uncertainties, please refer to these documents 00:00:23.227 -- 00:00:28.559 and to our SEC filings. We will have one hour for the call, In order to give 00:00:28.559 -- 00:00:33.967 everyone the chance to ask questions, we would limit the number of questions to two. 00:00:33.967 -- 00:00:37.533 Thank you for making this work, as always. 00:00:37.533 -- 00:00:42.801 We will begin our full-year financial results by reviewing key strategic milestones 00:00:42.801 -- 00:00:44.784 achieved in 2025, 00:00:44.784 -- 00:00:48.289 which mark the end of our mid-term strategy. 00:00:48.289 -- 00:00:53.317 Next, we will analyze fourth quarter outcomes and present our outlook for 2025 00:00:53.317 -- 00:00:58.790 and different horizons beyond. Let me now welcome Helen Gieser, CEO 00:00:58.790 -- 00:01:03.702 and Chair of the Management Board, and Martin Fisher, our Chief Financial Officer. 00:01:03.702 -- 00:01:06.107 Helen, the floor is yours. 00:01:06.107 -- 00:01:07.791 Thank you, Dominic, and welcome, everyone. 00:01:07.791 -- 00:01:12.402 It's great to have you with us today. We appreciate your continued interest in Fresenius 00:01:12.402 -- 00:01:17.430 Medical Care. 2025 was a milestone year for Fresenius Medical Care. 00:01:17.430 -- 00:01:22.377 We delivered an outstanding ...