SMA Solar Technology AG (SMTGF) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.042 Ladies and gentlemen, welcome to the Analyst and Investor presentation of Full Year 00:00:05.042 -- 00:00:10.995 Financial Results 2025 Conference Call. I am Valentina, the Chorus Call Operator. 00:00:10.995 -- 00:00:14.403 I would like to remind you that all participants will be in listen-only mode and the 00:00:14.403 -- 00:00:19.472 conference is being recorded. The presentation will be followed by a Q&A session. 00:00:19.472 -- 00:00:24.720 You can register for questions at any time by pressing star N1 on your telephone. 00:00:24.720 -- 00:00:28.286 For operator assistance, please press star N0. 00:00:28.286 -- 00:00:32.172 The conference must not be recorded for publication or broadcast. 00:00:32.172 -- 00:00:36.118 At this time, it's my pleasure to hand over to Kaveh Rui, CFO. 00:00:36.118 -- 00:00:38.479 Please go ahead. 00:00:38.742 -- 00:00:42.117 Thank you, operator, and welcome, everyone. 00:00:42.117 -- 00:00:46.843 We very much appreciate that you are taking the time for this investor and analyst call 00:00:46.843 -- 00:00:50.367 on our full year 2025 results. 00:00:50.367 -- 00:00:54.833 This conference call is scheduled for up to 60 minutes and will be recorded. 00:00:54.833 -- 00:00:59.299 After the management presentation, I will be happy to answer your questions. 00:00:59.299 -- 00:01:03.444 Today's presentation is available on our investor relations website. 00:01:03.444 -- 00:01:08.568 The replay will also be available on the IR website shortly. 00:01:08.851 -- 00:01:14.093 Our agenda for today. First, I will give a review of our full-year figures, followed 00:01:14.093 -- 00:01:19.402 by an update on the restructuring and transformation program, and some insights 00:01:19.402 -- 00:01:22.767 on strategic topics...