Wacker Chemie Ag Ord (WKCMF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the WACKER full-year 2025 Results Conference Call. I'm Moritz, your call operator. I would like to remind you that all participants will be in a listen-only mode and the conference is being recorded. The presentation will be followed by a question-and-answer session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and 0. The conference must not be recorded for publication or broadcast. At this time, it's our pleasure to hand over to Jörg Hoffmann, Head of Investor Relations. Please go ahead. Thank you, Operator. Welcome to the Wacker Chem EHE Conference Hall on the full year 2025 results. Dr. Christian Hartl, our CEO, and Dr. Tobias Ohler, our CFO, will walk you through the presentation. The press release. Annual report, our IR presentation, and detailed financial tables are available on our webpage under the Investor Relations section. Please note that management comments during this call include forward-looking statements involving risks and uncertainties. We encourage you to review the safe harbor statement in today's presentation and our 2025 annual report with information on risk factors. All documents mentioned are available on our website. Hello everyone, and thank you for joining us for our full year 2025 results call. In 2025, we reported sales of 5.5 billion euros and EBDA before special items of around 529 million euros. This result was in line with our guidance, which we revised in October. Although we ended up in line with our guidance and the market expectations, let me be clear, this is not where we want to be. This also clearly applies to our annual result at minus 805 million euros. The profit and loss was impacted by approximately 705 million euros of restruct...