Lanxess Ag Ord (LNXSF) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.619 Thank you for joining our Lanx's full year IR conference call. 00:00:04.619 -- 00:00:09.647 The conference will be recorded. I will hand over to Eva Hussmann, Head of Investor Division, 00:00:09.647 -- 00:00:12.268 for opening remarks. 00:00:12.833 -- 00:00:17.120 Thank you, Mandy, and welcome everybody to the call from our end as well. 00:00:17.120 -- 00:00:22.489 As always, I have our CEO, Matthias Sachat, and our CFO, Oliver Schradmann, 00:00:22.489 -- 00:00:26.324 with me. please take notice of our safe harbor statement. 00:00:26.324 -- 00:00:30.988 We will follow our usual procedure. Matthias will start with the short presentation, 00:00:30.988 -- 00:00:34.091 and afterwards we will open the floor for your questions. 00:00:34.091 -- 00:00:36.032 Matthias, please go ahead. 00:00:36.032 -- 00:00:41.237 Thank you, Eva, and welcome all of you to our full 00:00:41.237 -- 00:00:46.522 year results Q4 conference call, and we will start directly 00:00:46.522 -- 00:00:52.067 on page number four on the document that has been distributed 00:00:52.067 -- 00:00:57.852 or dispatched on our internet. So here you see Q4 EBBA. 00:00:57.852 -- 00:01:03.077 Q4 was down as expected compared to Q4 2024. 00:01:03.460 -- 00:01:05.083 The 00:01:05.083 -- 00:01:07.086 previous year was, 00:01:07.086 -- 00:01:13.295 of course, also influenced by pre-buying, as we've indicated, and 2025, 00:01:13.295 -- 00:01:18.422 due to tariff escalation throughout the year, led to lower volumes. 00:01:18.422 -- 00:01:22.921 Noteworthy also, the negative FX I referenced to the dollar. 00:01:22.921 -- 00:01:28.786 and the portfolio effect as we have sold our Eurothanes business 00:01:28.786 -- 00:01:33.991 effective 1st of April. EBITDA for full year at 510, 00:01:33....