Intercos Spa (ICOSF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, this is the Coruscall Conference Operator. Welcome and thank you for joining the Intercost Group Full Year 2025 Financial Results Conference Call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, They may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Mr. Renato Semerari, Chief Executive Officer of Intercos Group. Please, go ahead, sir. Thank you very much. Good afternoon, everyone. Thanks for attending our fiscal year 25 earning call. In a year once more marked by severe geopolitical tensions, which have created significant uncertainties and a visible softness in global beauty consumption, Intercos has decided to focus its efforts on the recovery of the profitability loss during the last three years of strong top-line growth. This called for an overall reduction of sales with packaging components and a focalization on the views centered around innovation. I'm glad to note that our efforts were successful and paid the expected dividends. However, Topline was further hampered by currencies headwinds on top of the overall market softness. Let's see an overview of our results. Topline ended the year at 1 billion 47 million euros, overall flat at constant rates and slightly down at current rates. To note, the value-added sales, which I remind you are net sales minus packaging expenses, grew by 1.5% at constant rates, reflecting the mentioned reduction in pack sales. Gross profit conversely increased by 151 basis points, thanks to better mix and productivity gains, as well as procurement efficiencies. Adjusted EBITDA grew by plus 9% to 156 million...