Kemira Oyj Ord (KOYJF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Kemira's Q4 and full year 25 earnings conference. My name is Kiira Fröberi and I'm the head of investor relations at Kemira. Here with me today, I have our president and CEO, Antti Salminen, and our CFO, Petri Kastreen. This will be actually Petri's last and 50th earnings webcast as Kemira's CFO. Before we start the actual presentation, I would like to remind you that our presentation today includes forward-looking statements. Next, Antti will cover our full year 25 and Q4 highlights, after which he will discuss Kemira's group-level performance. After that, Petri will talk about business unit performance and cover financials in a bit more detail. And then in the end, before the Q&A, Antti will discuss Kemiras strategic focus areas in 2026 and also talk about our financial outlook for the year. But now, Antti, the stage is yours. Please go ahead. Thank you. Thank you, Sira. Good morning on my behalf as well. Great pleasure to present Kemiras 25 results as well as, of course, in a bit more detail, the Q4 results. And the year was challenging for us. Markets were soft and uncertain, which is visible in the numbers. So really challenging market environment, which then resulted in a clear revenue decline for the full year as well as for the Q4. But I'm very proud of the organization. We managed to maintain our profitability in a very healthy level, operative EBITDA being over 19% for the full year, which I think is a really good achievement under these market conditions. And it enabled us to continue to invest into our strategy execution. So building the future growth for the company and basically In water business, we announced earlier in the year the acquisition of water engineering in North America, which is a really good platform investment...