Stabilus S.A. (SIUAF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much and welcome to our full year 2025 call. My name is Michael Büchsen, I'm the CEO of the Stabilus Group. And today you have as always with me Andreas Schröder in West relation, but this time around first time also in the discussion Andreas Jaeger, our new CFO. I'll introduce him at a later stage, and then he for sure will also take part actively of the discussion. He will lead us through the financial portions, so the details by region, business unit, and other factors he'll talk about a bit. And then he will also talk about a little bit PEPX, expenditures we did, networking capital, so all the finance-related points he'll touch upon. And I'm really happy to have him as part of the Stabilus group now. But before we go that route, let me confirm the 2025 preliminary results. You all know it's a very challenging environment we're in. And we did release our preliminary results already on November 10th. And here we confirm all these numbers. We've been a very stable process to close the year. and also in a very, very stable financial position as a group because in a very challenging environment, We achieved 1.3 billion in terms of sales and then adjusted EBIT margin of 11%, which is outstanding given the market circumstances. And it leaves us with a free cash flow of 119 million for the year. And that leads to a net leverage ratio of roundabout 3 to 2.96, which we've been talking before about. And we should actually spot on with our prognosis we gave in August. Also, the overarching topic for us, and we saw it in the last call and talked about it also in numerous meetings, is our transformation program. Throughout the session, I will also give an update on the transformation program, which greatly reduces personal and operating costs to make us long-ter...