Stefan Augustin
Analyst, Warburg Research
Replay available
Wacker Neuson Se Namen Ak (OTC: WKRCF) Q4 2025 earnings conference call, held 2026-03-26. Replay captured from the company's public earnings webcast.

Analyst, Warburg Research
Head of Investor Relations and Corporate Communications
CFO, Wacker Neusen Group
Analyst, Tigris Capital
Good afternoon, everybody, and welcome to the 2025 full-year earnings call of the Wacker Neuzung Group. My name is Pech Linkman, Head of Investor Relations and Corporate Communications. Thank you for joining today on the occasion of the release of our 2025 full-year results. As usual, we will first start with the operational and financial results of the fiscal year 2025 and give additional insights on the recent developments as well as our outlook for 2026. Following this, we are happy to answer your questions in a Q&A session. If you are not able to follow today's call via the webcast, the presentation slides are also available for download at wacker-group.com slash investor minus relations. Please note that the entire call, including the Q&A session, will be recorded and the replay will be made available on our corporate website by the end of the day. And now I would like to hand over to our executives, Karl Drage and Christoph Burckhardt, who will, as usual, lead you through this call. Thank you, Per. This is Christoph Burckhardt, CFO of the Wacker Neusen Group. Welcome, everybody, to our earnings call, and thank you for joining. Thank you. Dear all, a warm welcome from my side, too. And thanks again for joining today's conference call. I'm Karl Drage, the CEO of the Wacker Neusen Group. I would like to start the presentation with a brief overview of our key financials for the fiscal year 2025. Our revenues stood at 2.2 billion euros, which is essentially on par with the previous year's level. After a weak start in the first quarter, characterized by low capacity utilization following the downturn in 2024, we saw a gradual operational recovery as the year progressed. Throughout the year 2025, our order intake level has been slightly above revenue, resulting in a b...