Hochtief Ag (HOCFF) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.877 Good afternoon, everyone, and thanks for joining this HawkTeeth full year results call 00:00:03.877 -- 00:00:09.304 for 2025. I'm Mike Pinckney, head of capital market strategy, and I'm here with our CEO, 00:00:09.304 -- 00:00:14.392 Juan Santamaria, and our CFO, Chris Jandreski, as well as the head of IR, 00:00:14.392 -- 00:00:19.724 Tobias Loskamp, and other colleagues from the senior management team of HawkTeeth. 00:00:19.724 -- 00:00:23.072 We're looking forward to your questions, but to start with, our CEO is going to run us 00:00:23.072 -- 00:00:28.626 through the details of another very strong set of numbers and provide you with an update 00:00:28.626 -- 00:00:33.478 on the group strategy. Juan, all yours. Thank you, Mike and team. 00:00:33.478 -- 00:00:37.426 Welcome to everyone joining us for this results call. 00:00:37.426 -- 00:00:42.652 I'm delighted to present to you HoCTIV's Resolve for 2025, a year 00:00:42.652 -- 00:00:47.658 in which we achieved an outstanding operational and financial performance, as well as 00:00:47.658 -- 00:00:52.684 major advances in our strategic delivery. Let's kick off with the 00:00:52.684 -- 00:00:57.771 numbers, and then I'll give you an update on the important progress we're making with 00:00:57.771 -- 00:00:59.937 our growth strategy. 00:00:59.937 -- 00:01:04.381 Octave's operational net profit increased by 26% to $789 00:01:05.225 -- 00:01:10.854 million, which rises to 35% on an FX-adjusted basis. 00:01:10.854 -- 00:01:15.181 This result significantly exceeds the guidance we provided to the market 12 months ago 00:01:15.181 -- 00:01:20.469 of $680 to $730, and is even slightly above 00:01:20.469 -- 00:01:27.156 the updated 2025 target we indicated in November of $750 to $780. 00:01:2...