SGS S.A. (0QMI) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.436 -- 00:00:05.676 Good morning, everyone. Thank you for being here for our annual 00:00:05.676 -- 00:00:07.081 2025 00:00:07.081 -- 00:00:08.527 results 00:00:08.527 -- 00:00:10.527 presentation. 00:00:11.725 -- 00:00:16.830 So let me start now here 00:00:16.830 -- 00:00:18.231 with 00:00:18.231 -- 00:00:20.533 our first performance. 00:00:20.533 -- 00:00:25.676 Marta and I will go through the full financial presentations, 00:00:25.698 -- 00:00:29.561 but here I would like to start with a couple of remarks. 00:00:29.561 -- 00:00:33.224 As we know, for the whole world, 2025 00:00:33.224 -- 00:00:38.569 has been a challenging year marked by international conflicts 00:00:38.569 -- 00:00:44.055 and fluctuating volatility in economy. 00:00:44.055 -- 00:00:47.938 I'm happy to say that at SGS, 00:00:48.141 -- 00:00:53.369 we've kept the course and even executed our best financial performance 00:00:53.369 -- 00:00:54.771 ever. 00:00:54.771 -- 00:00:59.298 We have recorded the highest sales in Swiss francs, 00:00:59.298 -- 00:01:04.565 highest adjusted operating income and highest free cash 00:01:04.565 -- 00:01:07.868 flow in the group history. 00:01:07.868 -- 00:01:10.232 Sales grew by 2.2% 00:01:10.232 -- 00:01:15.562 despite a strong adverse forex during the year again, offset 00:01:15.562 -- 00:01:19.285 by a strong organic growth of 5.6% 00:01:19.429 -- 00:01:22.634 and good contribution from acquisition. 00:01:22.634 -- 00:01:27.764 The adjusted operating income margin has reached 16%, 00:01:27.764 -- 00:01:32.540 boosted by operational performance and cost-saving plans. 00:01:32.540 -- 00:01:38.046 Cash generation and earnings per share have recorded excellent growth and Marta 00:01:38.046 -- 00:01:41.629 will give more color about this. 00:01:41.629...