Nederman Holding AB (publ) (NMAN) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this conference call regarding Nerman Group Q4 2025. interesting year and what we can conclude in Q4 is that we had higher orders received and a stronger business. We have during this challenging period continued to strengthen our leading position and we are working with market leadership, technical leadership, commercial leadership and operational leadership that our focus during this period. If you look at Q4 we had good organic growth if you consider it on currency neutral basis. We also had a currency neutral growth in sales and we believe that is very positive given the market conditions. We have delivered good cash flow and we have continued to invest in operations and also in R&D and these investments have provided a very solid basis for the future. We will have higher margins and better efficiency when they regain some momentum in the market. If I look at some of the key financials now, orders received grew currency neutral in both Q4 and the full year. It's very hard. And some of you who've listened to a number of these hearings already in this year end season might be tired of hearing about currency neutral and currency effects. But it's really very important to take this into account when analysing the numbers. We sales as orders received the Q4 1.38 billion versus 1.4 slightly over 1.4 billion last year. So on the face of it, that looks like a decrease. However, organic growth was 4.7% in the quarter, currency neutral, including some of the couple of acquisitions from Euro equipped that we acquired back in March of 2025 and some from last year. leaves us at 7.3 percent unfortunately currency effect on orders received and actually on sales in the quarter was over nine percent um for the full year 5.55 uh billion was the full ord...