Hexatronic Group AB (publ) (HTRO) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to this Q4 earnings call from a cold and wintry Stockholm. I'm Rikke Fröberg, CEO of Hexatronic and I have with me as usual Martin Åberg, our Deputy CEO and Pernilla Lindén, Group CFO. Also with us today for the first time is Patrik Johansson, our brand new Head of Investor Relations. If I summarize the quarter in one sentence, I think I would say we are delivering on the plan that we have laid out. Our net sales were 1.8 billion SEC for an organic growth of 10% in the quarter. And this also meant we swung back to 3% organic growth for the full year. Adjusted EBITDA of 133 million SEC or 7.2% margin. And we also see that the important strategic shift that we have been talking about for a while now is continuing. Our fast growing data center and harsh environment businesses now account for over 50% of group adjusted profits. Fiber Solutions, which we know operates in a challenging market environment, saw an organic sales decline of 1% and adjusted a beta margin of 5.2%. Here we're executing and actually expanding the performance improvement program we launched a few months ago, and we will come back with some more details on this. Data Center saw another outstanding quarter with 62% organic growth and, again, strong margins. We also saw strong momentum for a harsh environment business area with 15% organic growth and an EBITDA margin that was meaningfully improved over last year. Cash flow was an absolute highlight. You know probably that Pernilla and I have been talking about this as an area of focus and improvement, and we were very pleased to see that the efforts are paying off with an operating cash flow of almost 350 million SEK. And in fact, this allowed us to lower our adjusted net debt ratio to 1.9, despite making an acquisiti...