Huhtamäki Oyj (0K9W) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.796 Good morning all and welcome to Uhtamaki's results call for the fourth quarter of 2025. 00:00:05.796 -- 00:00:08.339 My name is Kristian Tammela, VP of IER. 00:00:08.339 -- 00:00:11.199 Today we have a presentation 00:00:22.532 -- 00:00:28.477 as usual first by our president and CEO Ralf Wunderlich and then by our CFO Tuomas Gerst. 00:00:28.477 -- 00:00:30.998 After that we'll 00:12:44.823 -- 00:12:46.865 segment in the quarter. 00:12:46.865 -- 00:12:52.371 But look at the full year for food service, very similar picture on net sales 00:12:52.371 -- 00:12:56.776 and very similar pictures on actions to improve profitability. 00:12:56.776 -- 00:13:01.901 So call it self-help activities. Raw material was stable, but again, 00:13:01.901 -- 00:13:06.947 very, very good outcome from the cost out projects the segment 00:13:06.947 -- 00:13:12.105 did launch and execute on. And we saw a margin which improved over 00:13:12.105 -- 00:13:17.251 the full year to 9.3%. So even though we had a very soft top line, we were able 00:13:17.251 -- 00:13:21.955 to improve margin to a healthy 9.3% in food 00:13:22.378 -- 00:13:23.919 service. 00:13:23.919 -- 00:13:28.765 Especially happy to see that the focus on cash also for food service really played out. 00:13:28.765 -- 00:13:30.765 131 00:13:30.928 -- 00:13:35.831 million, that's 30 plus million stronger than the year before. 00:13:36.374 -- 00:13:40.537 Moving swiftly on to North America. 00:13:40.561 -- 00:13:45.169 And North America is one of the two segments where we see volume growth. 00:13:45.169 -- 00:13:50.218 In a market where consumer confidence was very low, it's extremely pleasing to see that 00:13:50.218 -- 00:13:55.227 we were able to continue to have volume growth, not just in the quar...