Sulzer Ltd (0QQ9) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to our annual results. Communication, thank you very much for taking the time and the effort to be here personally. It's a great honor for us. Thank you also to the 27 or so audiences, not audiences, but people who are joining us from remote. Thank you for your interest in our company. And now 2025 has been an exciting year, I think, for all of us. One thing that you can see in our results, hopefully, here we are, is that we, as Sulzer, we are serving essential industries. Now, this is not just something we are saying because we need to have a nice slogan. it has a deeper meaning. The deeper meaning is that we are producing or we are serving industries that are essential for people and industries, customers, businesses around the globe. And with industries like energy, the chemical industry, and definitely natural resources, which in the case of Sulzer is mostly linked to water, we have an underlying growth trajectory because there are more people in the world and more people moving into middle classes. And we also have in the already developed economies a trend towards using more energy, more chemicals, and definitely also more water. But at the same time, these industries have a heavy ecological footprint. So whether this topic is in right now or not, we as a society will have to find a way to have a higher energy efficiency, to reduce emissions, to reduce pollution while keeping everything affordable. And that is what Sulzer is doing for our customers in our industries. This is why, although 2025 was, let's call it an interesting year, we had an underlying growth momentum and an obvious growth momentum in all of our industries. This has not gone away. Due to the situation with the volatile political environment and the tariffs and all the things that you k...