Nestle S.A (NSRGF) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.212 -- 00:00:06.480 Welcome to our media Q&A for full year results 2025. 00:00:06.480 -- 00:00:10.486 Thank you for joining us this morning. This is Christoph speaking. 00:00:10.486 -- 00:00:14.692 I'm joined by Filip Navratil and Anna Mons this morning. 00:00:14.692 -- 00:00:19.859 I trust you have all had a chance to watch the investor Q&A this morning 00:00:19.859 -- 00:00:24.646 and the presentation. So we will move straight into your questions. 00:00:24.646 -- 00:00:29.674 But before we begin, please take a moment to review the disclaimer 00:00:29.674 -- 00:00:32.054 on your screen. 00:00:36.751 -- 00:00:38.834 Thank you. Now, 00:00:38.834 -- 00:00:44.361 if you would like to ask a question, please raise your hand on your Zoom feature. 00:00:44.361 -- 00:00:49.407 When I call your name, you can unmute yourself and go ahead with your question. 00:00:49.407 -- 00:00:54.454 And once your question has been answered, you will be automatically put back on mute. 00:00:54.454 -- 00:00:59.340 To ensure that everyone has a chance to ask a question and to contribute to this session, 00:00:59.340 -- 00:01:02.585 please limit yourself to two questions at a time. 00:01:02.585 -- 00:01:07.889 Now, we're waiting for the first question to come in. 00:01:21.284 -- 00:01:26.551 First question is from Matthias Benz, the NZZ. 00:01:26.551 -- 00:01:29.813 Good morning Matthias, please go ahead. 00:01:30.056 -- 00:01:31.738 Good morning, can you hear me? 00:01:31.738 -- 00:01:33.561 Yes, perfectly. 00:01:33.561 -- 00:01:40.210 Great, so thanks for your time. I have a question on Nespresso. 00:01:40.210 -- 00:01:42.854 As Nestlé Health Sciences 00:01:42.854 -- 00:01:47.944 will disappear as a separate unit, Should that 00:01:47.944 -- 00:01:54.211 not also mean that Nes...