Harvia Oyj (HRVFF) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.738 Hello everyone, and welcome to Harvia's quarter four, 25 earnings webcast. 00:00:05.738 -- 00:00:09.101 My name is Mattias Ehnefeldt. I'm the CEO of the company. 00:00:09.101 -- 00:00:12.806 And with me, I have Ari Vesterinen, our chief financial officer. 00:00:12.806 -- 00:00:14.806 Hello. 00:00:15.088 -- 00:00:20.695 We will run the session today as follows. I will start by going through the highlights 00:00:20.695 -- 00:00:24.679 of the business and financial performance during the quarter four. 00:00:24.679 -- 00:00:30.153 I will also give you an update on how we're progressing with implementing our strategy. 00:00:30.153 -- 00:00:35.400 After that, Ari will be providing more details on our financial performance for the quarter 00:00:35.400 -- 00:00:40.046 and for the full year, after which we will be happy to answer any of your questions, 00:00:40.046 -- 00:00:45.450 which, as usual, you can submit through the chat of this webcast. 00:00:46.034 -- 00:00:47.876 So let's summarize 00:00:47.876 -- 00:00:52.983 quarter four. In terms of top line, our revenue increased by 5.3% 00:00:52.983 -- 00:00:55.123 to 53.7 00:00:55.286 -- 00:00:59.870 million euros, and we delivered positive growth in all regions. 00:00:59.870 -- 00:01:03.137 And all of the growth was organic. 00:01:03.137 -- 00:01:08.327 The currency exchange rates, in particular the US dollar depreciation against euro, 00:01:08.327 -- 00:01:11.694 had quite significant impact on our reported numbers. 00:01:11.694 -- 00:01:16.199 At comparable exchange rates, we grew by 10.2%. 00:01:17.646 -- 00:01:21.284 Growth in North America was impacted by the currencies. 00:01:21.284 -- 00:01:26.472 In addition to that, North America had a particularly strong comparison period 00:01:2...