Tomra Systems A/S/A S/Adr (TMRAY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning from Asker, ladies and gentlemen, and welcome to Tomra's fourth quarter result presentation for 2025. My name is Daniel Sundahl and I'm Head of Investor Relations. As usual, Tove Andersson, our CEO, will start today's presentation by giving you the highlights and afterwards CFO Eva Saganbo will dive deeper into the numbers and give you the updated outlook. And after the presentation, we will open up for Q&A for participants in the team's webinar. The link to it can be found in this morning's Stock Exchange release. We aim to conclude the presentation around 8.40 today. But without further ado, I give the word to Tove Andersson. Thank you, Daniel, and also welcome from me to our quarter Q4 2025 presentation. We present today a strong final quarter in a year that has been characterized by volatility and market uncertainties. In collection, we report a record quarter, record revenue and record EBITDA, and we have seen that the rollout in Poland and Portugal is stepping up. Recycling, we are presenting a good quarter in a year that has been a weak year due to the challenging market sentiment. And in food, we are seeing the results of the improvement initiatives and an improving market sentiment, and we deliver a strong quarter, which also then makes 2025 a record year regarding profitability in the food segment. Let me then give you an update on the different divisions and our Horizon portfolio. I start with the collection. In collection, we have had very good sales in existing markets in the quarter. As many of you know, we have a strategic ambition that we should grow our existing markets with 5% annually. And in 2025, existing market represented 87% of our sales. In this quarter, we saw particularly good growth in continental Europe, partly then driven by...