Huhtamäki Oyj (HMKIY) Q4 2025 Earnings Call Transcript

SA Transcripts158.38K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Huhtamäki Oyj (HMKIY) Q4 2025 Earnings Call February 13, 2026 2:30 AM EST Company Participants Kristian Tammela - Vice President of Investor RelationsRalf Wunderlich - President & CEOThomas Geust - Chief Financial Officer Conference Call Participants Lewis Merrick - BNP Paribas, Research DivisionRobin Santavirta - DNB Carnegie, Research DivisionHai Huynh - UBS Investment Bank, Research DivisionCole Hathorn - Jefferies LLC, Research DivisionPasi Väisänen - Nordea Markets, Research DivisionPallav Mittal - Barclays Bank PLC, Research Division Presentation Kristian TammelaVice President of Investor Relations Good morning all, and welcome to Huhtamaki's results call for the fourth quarter of 2025. My name is Kristian Tammela, VP of IR. Today, we have a presentation, as usual, first, by our President and CEO, Ralf Wunderlich; and then by our CFO, Thomas Geust. After that, we will take Q&A. And let's get started handing over to Ralf. Ralf WunderlichPresident & CEO Thank you, Kristian. Good to be back, and good morning also from my side. Look, I'm going to give you the high-level overview about the business also by segment. And then Thomas, as always, will walk you through the financials. Look, the volatile market environment continues. Geopolitical issues, tariffs, very strong ForEx movements over the year was continue, so you name it, we had it during the year and unfortunately, also in the quarter. I am, however, really proud to say that 2 of our segments continued to see volume growth in the quarter and for the full year. That's really encouraging for us to see and hopefully we'll get the rest of the 2 other segments to follow in the future. Look, I mentioned already the FX impact, which we have seen, just to give you an idea that in the quarter -- last quarter '24 before we started '25, the U.S. dollar to the euro was at EUR 1.04, it