HEXPOL AB (publ) (HPOL_B) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the HexBall Q4 2025 presentation. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to the CEO, Klaus Dahlberg, and CFO, Peter Rawson. Please go ahead. Thank you, operator, and good afternoon, everyone. Thank you for joining this call, and a warm welcome to the HEXPOL Q4 presentation. This is Klaus Dahlberg speaking, and I'm here together with our CFO, Peter Rosen. If you please turn to page two, I will start with a business update and Peter will take you through the financials and I will then summarize the quarter. And after that, we're happy to answer your questions. If you please turn to page four. I will start by going through the Q4 demand and sales. If we look at the quarter, we managed to increase the volumes both in Europe and in North America. We maintained our strong market position, especially in compounding in a very competitive market situation. To do so, we are investing in our sales force to pave the way to be able to grow organically. Building and construction, wire and cable and also medicals showed increased demand and compensated for relatively soft automotive markets. Automotive was affected by holiday closings at our customers, the same pattern we saw at the end of last year. In general, sales was negatively impacted by FX and a weaker mix. But we have actively chosen to gain and protect volumes, staying close to our customers during Q4. Part of the volume we gained is so-called tolling. That means that our customers, mainly tire manufacturers, supply the material and we mix their material. This gives us a positive margin contribution, but the total sales value of that is lower. The European, and this is not a new busine...