Vallourec S.A. (VLOWY) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.156 Good day and welcome to Valorex 2025 Full Year Results presentation 00:00:05.156 -- 00:00:10.641 hosted by Philippe Guillemot, Chairman of the Board and Chief Executive Officer, 00:00:10.641 -- 00:00:14.365 and Nathalie Delbreuve, Chief Financial Officer. 00:00:14.365 -- 00:00:19.490 For the first part of the conference call, all participants will be in listen-only 00:00:19.490 -- 00:00:24.835 mode. During the question and answer session, you may ask questions by dialing pound 00:00:24.835 -- 00:00:28.398 key five on your telephone keypad to enter the queue. 00:00:28.398 -- 00:00:33.505 And now I would like to hand the call over to Daniel Thompson, Director 00:00:33.505 -- 00:00:37.791 of Investor Relations. Please go ahead, sir. 00:00:37.791 -- 00:00:41.917 Thank you. Good morning, ladies and gentlemen, and thank you for joining us for Valeric's 00:00:41.917 -- 00:00:47.085 fourth quarter 2025 results presentation. I'm Daniel Thompson, Director of Investor 00:00:47.085 -- 00:00:52.472 Relations at Valeric. I'm joined today by Valeric's Chairman and Chief Executive Officer, 00:00:52.472 -- 00:00:57.170 Philippe Guillemot, and Valeric's Chief Financial Officer, Nathalie Dalbroek. 00:00:57.170 -- 00:01:00.839 Before we begin our presentation, I would like to note that this conference call will 00:01:00.839 -- 00:01:05.070 be recorded. The replay will be available following the call. 00:01:05.070 -- 00:01:08.920 You can find the audio webcast on our investor relations website. 00:01:08.920 -- 00:01:13.091 The presentation slides referred to during this call are also available for download 00:01:13.091 -- 00:01:17.302 here. Today's call will contain forward-looking statements. 00:01:17.302 -- 00:01:22.728 Future results may differ mate...