Ratos AB (publ) (RATO_A) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:06.039 Good morning everyone and thank you for listening in to the Ratos Q4 00:00:06.039 -- 00:00:07.581 call. 00:00:07.581 -- 00:00:14.050 I will start by giving some highlights for the full year of 2025, an important 00:00:14.050 -- 00:00:19.196 and eventful year for Ratos. A year of change with several strategic 00:00:19.196 -- 00:00:24.383 milestones that created a more focused and streamlined company. 00:00:24.383 -- 00:00:29.998 I'll give you some examples. The sale of Airtim, a supplier of technical ventilation 00:00:29.998 -- 00:00:35.667 solutions in the beginning of the year. The listing of our construction company 00:00:35.667 -- 00:00:38.851 Sentia on the Oslo Stock Exchange in June. 00:00:38.851 -- 00:00:43.579 Since then, the share price of Sentia increased more than 30%. 00:00:43.579 -- 00:00:48.807 And last Friday, Sentia proposed a dividend of 5.5 Norwegian krona, 00:00:48.807 -- 00:00:53.190 corresponding to a dividend percent of 96%. 00:00:54.520 -- 00:00:59.888 Diab has continued its focus towards more advanced materials 00:00:59.888 -- 00:01:05.095 and applications into new industry segments such as subsea 00:01:05.095 -- 00:01:07.098 and defense. 00:01:07.098 -- 00:01:12.106 And we finalized the year with a major add-on acquisition in 00:01:12.106 -- 00:01:17.453 HL Display of the German player Deinser, the largest acquisition in 00:01:17.453 -- 00:01:20.214 HL Display's history. 00:01:20.322 -- 00:01:25.688 2025 also came with challenges that required operational improvement projects 00:01:25.688 -- 00:01:27.951 in some of our companies, 00:01:27.951 -- 00:01:33.677 but also made a restriction in plantation that resulted in a reduced 00:01:33.677 -- 00:01:40.042 and more optimized footprint that is better set up for...