Midsona AB (publ) (MSON_B) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.427 Good morning everybody and welcome to this presentation of Midsona's fourth quarter 00:00:05.427 -- 00:00:10.782 and full year 2025 results. My name is Henrik Hjalmarsson, I am the president 00:00:10.782 -- 00:00:15.910 and CEO and with me I have Max Bocando, Group CFO. 00:00:15.910 -- 00:00:20.920 We'll spend the coming 25 minutes or so going through an overview of the fourth quarter 00:00:20.920 -- 00:00:25.649 as well as a summary of 2025 with a 00:00:25.649 -- 00:00:29.977 deep dive into some of the financials, after which time there will be plenty of time 00:00:29.977 -- 00:00:32.177 for questions. 00:00:33.243 -- 00:00:36.285 So with that, 00:00:36.920 -- 00:00:42.027 Just a brief overview of Midsona for those of you who might 00:00:42.027 -- 00:00:48.115 be new to us. We are a leading European healthy and organic food business, 00:00:48.115 -- 00:00:53.423 marketing and selling mainly plant-based, vegetarian and in many cases natural and organic 00:00:53.423 -- 00:00:55.666 products across 00:00:55.666 -- 00:00:57.168 three 00:00:57.168 -- 00:01:00.183 divisions. Nordics, 00:01:00.183 -- 00:01:04.712 as well as Division North, mainly consisting of Germany then, and Division South, France 00:01:04.712 -- 00:01:10.243 and Spain, where Nordics is clearly the biggest with 64% of revenue, North 00:01:10.243 -- 00:01:15.614 Europe 25% and South Europe 11%. We're headquartered in Malmö, 00:01:15.614 -- 00:01:21.882 Sweden, and we've been listed on the Stockholm Stock Exchange for more than 25 years. 00:01:21.993 -- 00:01:26.641 First then, a summary of the fourth quarter. 00:01:26.641 -- 00:01:30.828 Let's start with the top 00:01:30.828 -- 00:01:36.017 left-hand box on the right-hand side, where we can see that net sales 00:01:36....