Anna Woodstrom
Analyst, DNB Carnegie
Replay available
Nederman Holding AB (publ) (STO: NMAN) Q4 2025 earnings conference call, held 2026-02-12. Replay captured from the company's public earnings webcast.

Analyst, DNB Carnegie
Watch the replay and follow the connected company analysis, news, and investor updates for Nederman Holding Ab.
WEBVTT 00:00:00.841 -- 00:00:06.096 Good morning and welcome to this conference call 00:00:06.096 -- 00:00:10.422 regarding Nerman Group Q4 2025. 00:00:12.603 -- 00:00:18.189 interesting year and what we can conclude in Q4 is that we had 00:00:18.189 -- 00:00:22.353 higher orders received and a stronger business. 00:00:22.353 -- 00:00:28.099 We have during this challenging period continued to strengthen our leading position 00:00:28.099 -- 00:00:33.225 and we are working with market leadership, technical leadership, commercial 00:00:33.225 -- 00:00:38.956 leadership and operational leadership that our focus 00:00:38.956 -- 00:00:44.343 during this period. If you look at Q4 we had good organic 00:00:44.343 -- 00:00:50.391 growth if you consider it on currency neutral basis. 00:00:50.391 -- 00:00:55.258 We also had a currency neutral growth in sales 00:00:55.258 -- 00:00:58.822 and we believe that is very positive 00:00:58.822 -- 00:01:03.846 given the market conditions. We have delivered good cash flow and 00:01:03.846 -- 00:01:08.453 we have continued to invest in operations 00:01:08.453 -- 00:01:10.155 and also 00:01:10.155 -- 00:01:12.515 in R&D 00:01:12.538 -- 00:01:17.906 and these investments have provided a very solid basis for 00:01:17.906 -- 00:01:19.488 the future. 00:01:19.488 -- 00:01:22.112 We will have higher 00:01:22.112 -- 00:01:27.750 margins and better efficiency when they 00:01:27.750 -- 00:01:32.659 regain some momentum in the market. 00:01:33.227 -- 00:01:37.259 If I look at some of the key financials now, orders 00:01:37.259 -- 00:01:38.699 received 00:01:38.699 -- 00:01:42.425 grew currency neutral in both Q4 and the full year. 00:01:42.425 -- 00:01:46.691 It's very hard. And some of you who've listened to a number of these hearings already 00:0...