Operator
Ladies and gentlemen, welcome to the publication of 2025 Annual Financial Statements Conference Call. I am Mathilde, the Chorus Call operator. [Operator Instructions] The conference is being recorded. The conference must not be recorded for publication or broadcast.
At this time, it’s my pleasure to hand over to Manfred Stanek, CEO. Please go ahead.
Manfred Stanek
CEO & Chairman of the Management Board
Thank you very much. Welcome, everyone, to our results presentation for the full year 2025, and thank you for joining today’s call. With me today is our CFO, Helmut Sorger. Helmut and I will guide you through the presentation, which is available on our website and then open the floor for questions.
As I have completed my first year with Semperit, I am pleased to update you on the progress we have made and the direction in which we are taking the company. When I joined last year, I saw a business with strong fundamentals, leading positions in niche elastomer markets and a deep technological heritage and a resilient business model with the potential to deliver significantly more.
At the same time, the environment we operated in last year was anything but easy. Geopolitical uncertainties, new tariffs and the subdued economic growth created a cautious investment climate, especially early in the year. Despite this, we were convinced that this phase would not last and that Semperit would regain momentum as the year progressed. And this is exactly what had happened.
But
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