Rwe Ag Ord S/Adr (RWEOY) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.195 Very good morning, ladies and gentlemen. 00:00:04.195 -- 00:00:09.320 Cordial welcome on the occasion of the RWE Annual Press Conference 00:00:09.320 -- 00:00:14.826 for Fiscal 2025. It's great to have you here in Essen, 00:00:14.826 -- 00:00:18.550 and also thank you very much to those who dialed in. 00:00:18.550 -- 00:00:23.795 So we have got our CEO, Markus Köder, here, Michel Müller, 00:00:23.795 -- 00:00:28.117 CFO, and Katja van Doren. 00:00:28.482 -- 00:00:33.515 So my name is Bette Heller and I'm in charge of communication 00:00:33.515 -- 00:00:39.284 as a successor of Stephanie Schunk. 00:00:40.893 -- 00:00:44.417 For you, ladies and gentlemen. 00:00:44.547 -- 00:00:47.608 There will be no changes. 00:00:48.232 -- 00:00:53.879 So, Markus Greber and Michael Müller will share the 00:00:53.879 -- 00:00:59.225 most recent financial news with you of fiscal 2025 00:00:59.225 -- 00:01:02.189 and they will also give an outlook into the future. 00:01:02.189 -- 00:01:07.295 Despite a challenging environment, RWE delivered 00:01:07.295 -- 00:01:10.960 and is very confident about 2026 00:01:10.960 -- 00:01:12.965 and beyond. 00:01:12.965 -- 00:01:16.301 So our strategy was... 00:01:18.668 -- 00:01:20.330 revamped 00:01:20.330 -- 00:01:25.537 and we have got this strategy in order to get 00:01:25.537 -- 00:01:30.964 to new areas. But of course we are troubled by the 00:01:30.964 -- 00:01:32.687 current 00:01:32.687 -- 00:01:38.214 developments such as the war, Russia-Ukraine, but also the situation 00:01:38.214 -- 00:01:40.337 in the Gulf region. 00:01:40.337 -- 00:01:45.449 And even if our company is not active 00:01:45.449 -- 00:01:50.840 in these locations we nevertheless are concerned by the developments 00:01:50.840 -- 00:01:56.61...