Sandvik AB (publ) (SAND) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.941 A warm welcome to Sandvik's presentation of the fourth quarter results 2025. 00:00:07.166 -- 00:00:12.317 My name is Louise Cheddar, Head of Investor Relations and beside me I have our CEO 00:00:12.317 -- 00:00:17.007 Stefan Widing and CFO Cecilia Felton. 00:00:17.007 -- 00:00:21.811 We will start off with the presentation. Stefan and Cecilia will take you through the 00:00:21.811 -- 00:00:27.977 highlights of the quarter and the remaining time we will spend on the Q&A session. 00:00:27.977 -- 00:00:30.860 So let's start. The word is yours. 00:00:30.860 -- 00:00:35.984 Thank you. And also from my side, of course, a warm welcome to the fourth quarter report 00:00:35.984 -- 00:00:38.064 in 2025. 00:00:38.486 -- 00:00:43.691 If we summarize the quarter, we see a strong ending to the year with double digit order 00:00:43.691 -- 00:00:49.039 intake and revenue growth. We see a strong demand in mining and infrastructure 00:00:49.039 -- 00:00:54.089 is continuing to improve. There's a mixed demand in cutting tools with strong 00:00:54.089 -- 00:00:59.900 demand in, for example, aerospace and defense, while automotive remains weak. 00:00:59.900 -- 00:01:04.949 We also see a strong demand in both software solutions and powder solutions. 00:01:04.949 -- 00:01:10.486 Total order intake grew by 4% and the organic order intake growth was 15%. 00:01:10.486 -- 00:01:12.151 Revenue 00:01:12.151 -- 00:01:17.501 increased totally by 1% and organically by 12%. 00:01:18.618 -- 00:01:23.424 We also see a stable margin on the significant currency headwinds. 00:01:23.424 -- 00:01:28.511 Adjusted EBITDA came in at just below 6.4 billion, corresponding 00:01:28.511 -- 00:01:31.272 to a margin of 19.6%, 00:01:31.675 -- 00:01:36.241 which is a slight improve...