Munters Group AB (MTRS) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.160 Good morning and welcome to today's presentation of Muntbash Q4 and 2025 full 00:00:05.160 -- 00:00:07.644 year results. 00:00:07.644 -- 00:00:12.753 My name is Lina Duvan and I'm head of Investor Relations, joined by our CEO, Claes 00:00:12.753 -- 00:00:18.143 Forsström, and our CFO, Katarina Fischer. So Claes and Katarina will begin with 00:00:18.143 -- 00:00:22.711 presenting the results and then we will have a Q&A session after that. 00:00:22.711 -- 00:00:24.010 Please go ahead. 00:00:24.010 -- 00:00:26.977 Thank you, Lina, and good morning, everyone. 00:00:26.977 -- 00:00:31.908 Let me start with a few sentences to summarize the quarter and the year and then dig 00:00:31.908 -- 00:00:34.013 into the details. 00:00:34.013 -- 00:00:39.405 The year 2025 ended up with a quarter showing the strength of our leading offer 00:00:39.405 -- 00:00:44.435 across our prioritized end markets. All in all then, resulting in 00:00:44.435 -- 00:00:49.324 more than three times organic growth, I mean over 200%, 00:00:49.324 -- 00:00:51.908 a book to build of 1.6. 00:00:51.908 -- 00:00:55.534 I have to say an exceptional achievement by our teams. 00:00:55.534 -- 00:01:01.565 Earnings, weakened to 10%, primarily driven by dual site costs and underutilization 00:01:01.565 -- 00:01:06.734 in air tech. as well as temporary tariffs and transition 00:01:06.734 -- 00:01:11.963 costs when it comes to moving different products in and out of the DCT 00:01:11.963 -- 00:01:13.385 system. 00:01:13.385 -- 00:01:18.334 I'm not pleased with the result, but very confident that most of this will diminish after 00:01:18.334 -- 00:01:20.334 Q1. 00:01:20.947 -- 00:01:24.771 All in all, 2025 was a year to be proud of. 00:01:24.771 -- 00:01:30.056 Delivering record orde...