Luotea Oyj (0F29) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.516 -- 00:00:05.824 Good morning and welcome to Luotea's Q4 2025 00:00:05.824 -- 00:00:07.727 results webcast. 00:00:07.727 -- 00:00:11.209 Thank you for joining us today. In 00:00:11.313 -- 00:00:16.702 this session, we will walk through our fourth quarter performance and key financials, 00:00:16.702 -- 00:00:22.953 review the full year 2025 results and take a look at Luotea's strategic direction 00:00:22.953 -- 00:00:28.868 going forward. And this time, I have to say that presenting figures is especially 00:00:28.868 -- 00:00:34.879 difficult because presentation in accordance with IFRS 5 does not reflect 00:00:34.879 -- 00:00:39.888 the profitability of continuing or discontinued operations as separate 00:00:39.888 -- 00:00:44.243 legal entities prior to the merger. 00:00:44.243 -- 00:00:50.069 The presentation will be delivered by me together with our CFO, Mika Stirkinen, 00:00:50.069 -- 00:00:54.655 and throughout the presentation, you can submit questions in the comment field, and we 00:00:54.655 -- 00:00:58.939 will address them in Q&A session at the end of the webcast. 00:00:58.939 -- 00:01:01.180 Let's begin. 00:01:02.543 -- 00:01:04.365 Let's go first 00:01:04.365 -- 00:01:09.449 through Q4. Group net sales decreased by 1.2%, 00:01:09.791 -- 00:01:13.437 and in Finland, sales decreased by 7.8%. 00:01:13.437 -- 00:01:18.467 partly due to a continued termination of unprofitable contracts, but 00:01:18.467 -- 00:01:23.818 also because of intensified price competition and low additional sales volumes. 00:01:23.818 -- 00:01:29.569 Many companies have ongoing cost-saving measures which affect our additional sales. 00:01:29.569 -- 00:01:34.295 We are not engaging in margin undercutting in our contract sales. 00:01:34.295 -- 00:01:39.381 Finland's E...