Quadient Sa (NPACF) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.801 Good evening and welcome to Quadian's full-year 2025 results presentation. 00:00:05.801 -- 00:00:10.670 I am Anne-Sophie Jujan, Quadian's Head of Investor Relations. 00:00:10.670 -- 00:00:16.541 Today's presentation will be hosted by Geoffrey Godet, CEO, and Laurent Dupassage, 00:00:16.541 -- 00:00:18.541 CFO. 00:00:18.577 -- 00:00:22.401 The agenda for today's call is on slide 3. 00:00:22.401 -- 00:00:27.607 As usual, there will be an opportunity to ask questions at the end of the presentation. 00:00:27.607 -- 00:00:32.853 You can submit your questions in writing, through the web, or ask questions live 00:00:32.853 -- 00:00:37.018 by dialing into the conference call. Thank you very much. 00:00:37.018 -- 00:00:39.400 And with that, over to you, Geoffrey. 00:00:39.400 -- 00:00:43.104 Thank you, Anne-Sophie. Good evening, everyone. 00:00:43.104 -- 00:00:47.787 So, let me start by setting out the market context for Quadient. 00:00:47.787 -- 00:00:53.336 Over the past few years, we've been operating in an environment shaped by powerful structural 00:00:53.336 -- 00:00:58.425 trends. In 2025, these trends did not change in nature, 00:00:58.425 -- 00:01:01.109 but they accelerated simultaneously, 00:01:01.109 -- 00:01:06.838 reaching a new level of momentum. So the first one is there is in 2025 a marked 00:01:06.838 -- 00:01:10.670 step changed in artificial intelligence. 00:01:10.670 -- 00:01:15.737 Rapid advances in AI are accelerating digitalization across industries and reinforcing 00:01:15.737 -- 00:01:19.082 the long-term demand for software solutions. 00:01:19.082 -- 00:01:21.886 This is not a short-term phenomenon. 00:01:21.886 -- 00:01:27.334 AI is fundamentally reshaping how enterprise, automate, secure, 00:01:27.334 -- 00:01:3...