Ontex Group Nv Ord (ONXXF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good noon, everyone, and thank you for joining us today. I'm Geoff Raskin from IR. I'm pleased to have with us Laurent Nilly, our new CEO, and his CFO to present the 2025 results. Before that, let me remind you of the safe harbor regarding forward-looking statements. I will not read it out loud, but I will assume you will have duly noted it. With that cleared up, Laurent, over to you. Thanks, Geoff. And before I dive into the results, allow me to say some words about me. First of all, let me share my appreciation for the board and for former CEO Gustavo Calvapaz for the trust and the support in this transition. I'm honored to take over and realize the challenges ahead to both rebuild trust fast and to continue to work to unlock the intrinsic value of ONTEX. I joined ONTEX eight years ago. to help turn around the just acquired business in Brazil, then move to Europe with a mission to bring strategic discipline, drive the business back to growth, and to rebuild profitability after the inflationary shock in 22. I have a deep understanding of our company, and I share the passion for our purpose, mission, and people. We have strong assets, potential, and I take on the assignment with high energy, but obviously also at a time of big disappointment after a challenging 25. As you know, the year did not evolve as we had anticipated at the start of 25, and we had to revise our outlook twice. The final results should be of no surprise to any of you, being in line with the outlook we communicated early December. Revenue was 5% lower like for like, in a challenging market, and the adjusted EBITDA came down by two percentage points, mainly due to the impact of lower volume. The 10% margin level is still demonstrating resilience of the business in a difficult year. We did better th...