Claes Westerlind
President and CEO
Replay available
NKT A/S (OTC: NRKBY) Q4 2025 earnings conference call, held 2026-02-25. Replay captured from the company's public earnings webcast.

President and CEO
CFO
Analyst, Nordea
Analyst, UBS
Analyst, Danske Bank
Analyst, Jefferies
Analyst, JP Morgan
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WEBVTT 00:00:01.837 -- 00:00:06.622 Welcome to NKT's Annual Report 2025. 00:00:06.622 -- 00:00:11.468 For the first part of this call, all participants will be in a listen mode, and afterwards, 00:00:11.468 -- 00:00:14.051 there will be a question and answer session. 00:00:14.051 -- 00:00:18.155 To ask a question, please press five star on your telephone keypad. 00:00:18.155 -- 00:00:20.658 This call is being recorded. 00:00:20.658 -- 00:00:26.165 I will now hand it over to your speakers, President and CEO, Claes Westerlind, and CFO, 00:00:26.165 -- 00:00:30.406 Line Andrea Fandrup. Speakers, please begin. 00:00:30.406 -- 00:00:35.011 Good morning and welcome to NKT's conference call following the release of our annual 00:00:35.011 -- 00:00:40.017 report for 2025. I'm Claes Westerlind, the CEO, and with 00:00:40.017 -- 00:00:43.160 me today is our CFO, Line Fondrup. 00:00:43.160 -- 00:00:47.225 As always, I will take you through the strategic, operational and market developments 00:00:47.225 -- 00:00:52.170 that shaped 2025 before handing over to Line for the financial review. 00:00:52.170 -- 00:00:56.326 We will then conclude with the outlook and open the line for questions. 00:00:56.326 -- 00:01:01.613 It's worth noting that we from 3rd of January this year have changed the scopes and names 00:01:01.613 -- 00:01:07.321 of our business lines. Solutions has become transmission, applications has become distribution, 00:01:07.321 -- 00:01:11.447 and service and accessories grid solutions and accessories. 00:01:11.447 -- 00:01:15.713 Throughout this call, we will keep to the previous structure and business lines to match 00:01:15.713 -- 00:01:21.438 the communication in our annual report. Let's turn to slide number 3. 00:01:21.706 -- 00:01:25.734 Before we begin, I'd li...