Mersen S.A. (CBLNY) Q4 2025 Earnings Call Transcript

SA Transcripts159.03K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Mersen S.A. (CBLNY) Q4 2025 Earnings Call March 18, 2026 5:00 AM EDT Company Participants Luc Themelin - CEO & DirectorThomas Baumgartner - Chief Financial OfficerSalvador Lamas Conference Call Participants Jean-Francois Granjon - ODDO BHF Corporate & Markets, Research Division Presentation Luc ThemelinCEO & Director Good morning. I think we can start our presentation. All right. To start with, I'd like to say hello. Hello to you in the room and those who are following at a distance with the webcast. As you will see this year, we're going to have 3 speakers. Salvador is going to be replacing me in May. He's with us, and he's going to talk us through the nicest part of the presentation. He's going to enjoy it. And then, of course, Thomas, whom you already know, our CFO. And I think some of you have met Salvador before several times. Right. 2025 is a year for resilience. There's nothing much to say about the year. We've seen how the markets reacted with a slowdown in the different cycles. That's something we talked about a year ago. That's for the EV market. And then we talked about the important impact on solar energy. Well, you will see the figures in a minute, but we fared well with the other activities that we have in the group. And by and large, well, there's not much to say about the tariffs that's a year ago. We were very busy with tariffs. It was a bit worrying when we saw the tariffs and the rates announced by Trump, but yet the year was good. Right. Let's have a look at our achievements. This is what Salvador will be talking about. We've seen interesting things that will pay off later on. Let's start with the business. We've had good successes in India