Valmet Oyj (VOYJF) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.533 -- 00:00:05.820 Good morning, everyone, and welcome to Valmet's Thought Quarter result webcast. 00:00:05.820 -- 00:00:10.588 My name is Pekka Rouhenen. I'm the Vice President of Investor Relations at Valmet, and 00:00:10.588 -- 00:00:15.877 with me today are Valmet's President and CEO, Thomas Hinnerskul, and our CFO, Katri 00:00:15.877 -- 00:00:21.096 Hokkanen. Today we will walk you through Valmet's fourth quarter and also highlighting 00:00:21.096 -- 00:00:26.346 some of the full year highlights, the most notable one being the full year margin, increasing 00:00:26.346 -- 00:00:31.657 to a new record of 11.9% as our strategy delivered its first results during 00:00:31.657 -- 00:00:34.438 the second half. 00:00:34.540 -- 00:00:38.945 The agenda for today is straightforward. First, Thomas will present the Q4 full year 00:00:38.945 -- 00:00:41.547 highlights, including the acquisition of Severn. 00:00:41.547 -- 00:00:45.852 Next, Katri will walk us through the financial development in detail. 00:00:45.852 -- 00:00:50.317 And then Thomas will return to discuss the dividend proposal, the guidance for 2026 and 00:00:50.317 -- 00:00:54.962 the short-term market outlook for the next six months. 00:00:54.962 -- 00:00:58.385 And after the presentations, we'll open the lines for your questions. 00:00:58.385 -- 00:01:01.449 So thank you for joining us today and your interest in Valmet. 00:01:01.449 -- 00:01:05.270 And with that, let's get started, Thomas. 00:01:05.776 -- 00:01:08.457 Thank you, Pekka. 2025 00:01:09.222 -- 00:01:14.331 was my full first year as CEO at Valmet, and it's been a true transformative 00:01:14.331 -- 00:01:19.140 year. We've been driving many changes and initiatives, and I'll get back to some of those 00:01:19.140 -- 00:01:21.625 la...