Gurit Holding AG (0QQR) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I'm pleased to have with me today our new CFO, Victor Bernard. In 2025, we did our homework. We executed a rigorous restructuring program, repositioned the company for future growth. Today, we will demonstrate that these efforts have already started to materialize in the second half of 2025 and are expected to continue going forward. We structured today's presentation into three parts. I will start with an overview about the financial performance, for example, net sales, operation results, then business market highlights and give you two or three facts about our sustainability efforts in 2025. Then Victor will continue with a deep dive on the financial results of 2025, including restructuring costs, free cash flow development and balance sheet positions. Then I will resume and give you an outlook about our strategy and the market, an overview of the wind market and how we operate in those growing markets and why we are well positioned to capture future growth. And I also present you some selective highlights from our marine and industrial businesses. Before we dive into the Q&A session, I will conclude with the guidance for 2026 and a midterm outlook. Let's start with our 2025 achievements. Burit successfully completed its restructuring program and streamlined its production footprint. It reduced overhead costs and exited significant unprofitable businesses. As a result of these measures, our net sales decreased from 431.7 million to 319.6 million, mainly due to the discontinued businesses. Our reported operating results were at 43.2 million, reflecting restructuring effects. However, on the adjusted basis, we reached an EBIT of 29.7 million. Our return of sales went from 6.9 in 2024 and improved to 8.1 in 2025. Despite this challenging year, we delivered a solid fin...