Nordex Se (NRDXF) Q4 2025 Earnings Call

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WEBVTT 00:00:00.588 -- 00:00:05.295 Thanks, Moritz, and also a very warm welcome from the Nordics team in Hamburg. 00:00:05.295 -- 00:00:08.319 Thank you for joining the Q4 2025 00:00:08.319 -- 00:00:13.426 and full year results management call. As always, we ask you to take 00:00:13.426 -- 00:00:18.974 notice of our safe harbor statements. With me are our CEO, Jose Luis Blanco, 00:00:18.974 -- 00:00:24.582 and our CFO, Dr. Elia Hartmann, who will lead you through the presentation. 00:00:24.582 -- 00:00:27.426 Afterwards, we will open the floor for your questions. 00:00:27.426 -- 00:00:31.638 And now I would like to hand over to our CEO, Jose Luis, 00:00:31.638 -- 00:00:36.181 Thank you very much for the introduction, Anja. 00:00:36.303 -- 00:00:41.489 As said, on behalf of the Management Board, a very warm welcome to 00:00:41.489 -- 00:00:46.713 all of you joining us today for the Q4 00:00:46.795 -- 00:00:50.457 full year 2025 results. 00:00:50.859 -- 00:00:53.783 Results that conclude 00:00:53.783 -- 00:00:55.685 transformational 00:00:55.685 -- 00:00:59.954 period and a transformational year for Nordics. 00:00:59.954 -- 00:01:05.600 2025 has been a landmark year. We delivered 00:01:05.600 -- 00:01:10.906 and exceeded our medium-term margin target ahead of schedule, 00:01:10.906 -- 00:01:15.951 generated positive free cash flow, achieved 00:01:15.951 -- 00:01:22.378 record order intake, and strengthened our balance sheet. 00:01:22.378 -- 00:01:27.899 This very much sets the tone for the years ahead of us 00:01:27.899 -- 00:01:33.084 Let's now walk you through what drove this performance and how 00:01:33.084 -- 00:01:39.129 it prepared Nordisk for the next phase of profitable growth. 00:01:39.129 -- 00:01:42.432 Let's start with a short recap 00:01:42.432 -- 00:01:4...