ZEAL Network SE (0QJQ) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome, ladies and gentlemen, to the full year 2025 earnings call of Sihl Network SE. The company's CEO, Dr. Stefan Tverase, and CFO, Andrea Behrendt, will guide you through the figures in a moment, followed by a Q&A session via audio line. And with that, I'm handing over to you, Andrea. Thanks a lot. And good morning, everybody. And welcome to our earnings call for the full year results 2025. We are very happy to have you here. I hope you can all see the presentation. If not, please go on our website in the investor relations section. You will find it there. With me today is Stefan, our CFO, CEO. and together we will present our strong results of 2025. First of all, let me briefly walk you through our agenda of today. So we will start with an overview of our key highlights from 2025, followed by the review of the financial performance And then we will look into 2026 with our strategic priorities and the guidance. Last but not least, we will, of course, share our dividend proposal and the main takeaways before we are opening up for our Q&A session. And with that, let me hand over to Stefan for the summary of our 2025 results. Thank you, Andrea. And also from my side, a warm welcome to all of you on the call. More than happy to have you. Let me give you a brief summary of what we've achieved in the financial year of 2025, which was defined by a less than exciting market environment, but we've been able to regardless deliver outstanding operational results. Let me highlight four things. First of all, we continued to significantly expand our customer base. And we will dive into the details of that. We have once again improved our gross margin in the fourth quarter of last year. We've achieved a gross margin of 18.5%, a really remarkable result. And we were able to cont...