Sanlorenzo S.p.A. (SNLRF) Q4 2025 Earnings Call Transcript

SA Transcripts158.38K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Sanlorenzo S.p.A. (SNLRF) Q4 2025 Earnings Call February 13, 2026 12:00 PM EST Company Participants Massimo Perotti - Executive Chairman & CEOAttilio Bruzzese Conference Call Participants Niccolò Guido Storer - Kepler Cheuvreux, Research DivisionNatasha Brilliant - UBS Investment Bank, Research Division Presentation Unknown Executive Good evening, ladies and gentlemen. Welcome to our full year 2025 preliminary results. On Sanlorenzo, we have on the line Massimo Perotti, Executive Chairman; Attilio Bruzzese, the Chief Financial Officer; Pier Francesco Acquaviva Chief Corporate Officer; and myself, Head of Investor Relations. I leave the floor for the presentation to start to our Chairman, Massimo Perotti. Massimo PerottiExecutive Chairman & CEO Good evening to everybody. Thank you for being in contact with us. I'd like to start the floor with the first chart, which is not just starting with numbers, but trying to understand what happened in 2025. And we are very pleased to confirm to you the numbers that we are very proud of, consider '25 was not an easy year, probably coming from '24 with expectation from the European Union election in June '24 and the American new President for November '24. People were expecting '25 grow with a return to normality after the war in Palestine and the war in Ukraine. Unfortunately, as everybody knows, 2025 started with some, I would say, disruptive situation, mainly in the Western world, the tariff, et cetera, et cetera. I'm not going to summarize what happened, but all this situation was giving to the market a kind of uncertainty. And the uncertainty was reflected in the market. So we are pleased to confirm to you and to show you again the resiliency, power and strength of Sanlorenzo. You see on the left, we can confirm with the number of 2025, sixth consecutive quarter of order intake