NKT A/S (NRKBY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to NKT's Annual Report 2025. For the first part of this call, all participants will be in a listen mode, and afterwards, there will be a question and answer session. To ask a question, please press five star on your telephone keypad. This call is being recorded. I will now hand it over to your speakers, President and CEO, Claes Westerlind, and CFO, Line Andrea Fandrup. Speakers, please begin. Good morning and welcome to NKT's conference call following the release of our annual report for 2025. I'm Claes Westerlind, the CEO, and with me today is our CFO, Line Fondrup. As always, I will take you through the strategic, operational and market developments that shaped 2025 before handing over to Line for the financial review. We will then conclude with the outlook and open the line for questions. It's worth noting that we from 3rd of January this year have changed the scopes and names of our business lines. Solutions has become transmission, applications has become distribution, and service and accessories grid solutions and accessories. Throughout this call, we will keep to the previous structure and business lines to match the communication in our annual report. Let's turn to slide number 3. Before we begin, I'd like to highlight that today's presentation includes forward-looking statements. Actual outcomes may differ from expectations, and I therefore ask you all to pay close attention to this disclaimer. With that, let's move on to our key messages for the year. Please turn to slide number four. 2025 was another defining year for NKT. It was a year where the work we initiated several years ago, strengthening capabilities, expanding capacity and transforming the company, began to consolidate into a stronger, more resilient NKT. It was a year of disciplined exec...