Vestas Wind Systems A/S (0NMK) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.479 Good morning, and welcome to our presentation of our full year 2025, 00:00:05.479 -- 00:00:10.527 Q4, of course, in 25. And as always, as this full year presentation, also 00:00:10.527 -- 00:00:14.753 a short strategy update section. 00:00:14.753 -- 00:00:16.736 For us, 2025, 00:00:16.736 -- 00:00:21.943 a year of evidence in both important milestone in our strategy value 00:00:21.943 -- 00:00:27.351 through performance, but also here, it's absolutely timely to say 00:00:27.351 -- 00:00:32.299 proper thank you to our customers, to our partners, shareholders and colleagues. 00:00:32.299 -- 00:00:37.485 So today, both shareholders and colleagues will see a reward from financial 00:00:37.485 -- 00:00:40.128 year 2025 in the form 00:00:40.128 -- 00:00:45.474 of a proposed dividend share buyback and also for our colleagues around the world, 00:00:45.474 -- 00:00:49.719 a very well-deserved incentive bonus payout. 00:00:49.719 -- 00:00:54.345 I also just want to here take the opportunity to just point to the picture. 00:00:54.345 -- 00:00:59.424 As you can see, a nice weather day in the North Sea where we are constructing one 00:00:59.424 -- 00:01:03.189 of our offshore turbines for Hidreit. 00:01:03.189 -- 00:01:09.018 So really appreciated of seeing that. With that, I would like to go to key highlights 00:01:09.018 -- 00:01:11.378 for the year. 00:01:12.964 -- 00:01:16.989 So revenue of the year of 18.8 00:01:16.989 -- 00:01:21.333 billion and an EBIT margin of 5.7%. Revenue 00:01:21.396 -- 00:01:24.490 all-time high from growth in both segments. 00:01:24.490 -- 00:01:29.358 and profitability achieved in the offer and, of course, narrowed 00:01:29.358 -- 00:01:33.003 part of our outlook from Q3. 00:01:33.003 -- 00:01:38.472 The service...