SMA Solar Technology AG (SMTGF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Analyst and Investor presentation of Full Year Financial Results 2025 Conference Call. I am Valentina, the Chorus Call Operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star N1 on your telephone. For operator assistance, please press star N0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Kaveh Rui, CFO. Please go ahead. Thank you, operator, and welcome, everyone. We very much appreciate that you are taking the time for this investor and analyst call on our full year 2025 results. This conference call is scheduled for up to 60 minutes and will be recorded. After the management presentation, I will be happy to answer your questions. Today's presentation is available on our investor relations website. The replay will also be available on the IR website shortly. Our agenda for today. First, I will give a review of our full-year figures, followed by an update on the restructuring and transformation program, and some insights on strategic topics for our large-scale division. And last but not least, we'll have a look at order backlog as well as our outlook for this financial year, 2026. I expect the presentation part to last a little bit more than 30 minutes. I refer to our disclaimer on page two. Let's move to page four, financial highlights for the full year 2025. Group sales with 1.5 billion euros were nearly in line with last year. In the large-scale and project solutions divisions, sales improved compared to the previous year. The home and business solution division declined year on year....