PVA TePla AG (0NL1) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to PBA Tepli AG's earnings call for the full year 2025. My name is Sebastian Gonzo, and I'll be moderating today's call. And in a second, CEO Jarlene Ketter and CFO Markus Gross will walk you through the results for the fiscal year 2025 and share their outlook. After the presentation, we'll open the floor for your questions. A quick housekeeping note before we start. This call is being recorded and made available on our website within the day. And with that being said, let's get started. And Jarlene, over to you. Good morning and thanks, Sebastian. 2025 was a challenging year for PVI Tecla, operating in a very cautious market environment. But at the same time, we used that period to prepare the company for growth in both segments, metrology and material solutions. Over the last two years, PVA has evolved from supplying highly specialized solutions with small volumes to now significantly targeting global high-volume markets, which means that we are addressing the world's largest chip producers now. This transformation requires a fundamental transformation of our organization, and this is something that is still ongoing. Further to this, we've had a strong order momentum, which especially took place in the second half of 2025. Both product lines developed very positive. Aiming for growth also requires the right fundament to build on. We did set up an investment plan to support this, which was executed in 2025. This also caused higher operational expenses for investments in technology and sales and service infrastructure and our organization in general. And these investments also include some project costs which are having short term effects on our overhead costs 2025 and 2026, but will not be recurring. Markus will explain a little b...