Huhtamäki Oyj (0K9W) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning all and welcome to Uhtamaki's results call for the fourth quarter of 2025. My name is Kristian Tammela, VP of IER. Today we have a presentation as usual first by our president and CEO Ralf Wunderlich and then by our CFO Tuomas Gerst. After that we'll segment in the quarter. But look at the full year for food service, very similar picture on net sales and very similar pictures on actions to improve profitability. So call it self-help activities. Raw material was stable, but again, very, very good outcome from the cost out projects the segment did launch and execute on. And we saw a margin which improved over the full year to 9.3%. So even though we had a very soft top line, we were able to improve margin to a healthy 9.3% in food service. Especially happy to see that the focus on cash also for food service really played out. 131 million, that's 30 plus million stronger than the year before. Moving swiftly on to North America. And North America is one of the two segments where we see volume growth. In a market where consumer confidence was very low, it's extremely pleasing to see that we were able to continue to have volume growth, not just in the quarter, but also for the full year. You might remember Q3, so we had a very weak Q3. And we were hoping and we were seeing then that we saw operational improvements. We saw strong volumes coming in the quarter. So we were happy to see that our margin bounced back to 12%, 12.1% in the quarter. So volume up. We continue to see, as mentioned during the year, pressure on price. So pricing was down. And also North America in the quarter had a lot of focus on cash and delivered a very strong operating cash flow outcome in the quarter. Moving to the full year, same thing I mentioned before, volume growth for the full y...