Traton SE ADR (TRATY) Q4 2025 Earnings Call Transcript

SA Transcripts158.8K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Traton SE ADR (TRATY) Q4 2025 Earnings Call March 4, 2026 4:30 AM EST Company Participants Ursula Querette - Head of Investor RelationsChristian Levin - CEO & Chairman of the Executive BoardMichael Jackstein - Member of the Executive Board, CFO & Chief Human Resources Officer Conference Call Participants Meihan Yang - Goldman Sachs Group, Inc., Research DivisionAlexander Jones - BofA Securities, Research DivisionHarry Martin - Bernstein Institutional Services LLC, Research DivisionHampus Engellau - Handelsbanken Capital Markets AB, Research DivisionNicolai Kempf - Deutsche Bank AG, Research Division Presentation Ursula QueretteHead of Investor Relations Hello, everyone, and welcome to TRATON's Q4 and Full Year 2025 Results Call. I am Ursula Querette, Head of Investor Relations. With me on the call is our CEO, Christian Levin; and our CFO and CHRO, Dr. Michael Jackstein. Since we published our IR presentation and a prerecorded annual results video on our website early this morning, we will use this 1-hour session for Q&A only. We are happy to take questions from analysts, investors and the media. Please note that this session will be recorded, and a replay will be made available on our website later today. The disclaimer on forward-looking statements on Page 2 of our IR presentation applies throughout this call. [Operator Instructions] I am sure there are many topics to discuss. Let's start with 2 questions per participant and add more if time permits. Question-and-Answer Session Ursula QueretteHead of Investor Relations So the first question comes from Meihan Yang from Goldman Sachs. Meihan YangGoldman Sachs Group, Inc., Research Division I just have 2 questions. So first of all, given the strong orders you have seen in Europe, have you made any adjustments in your production plan in Europe? And I'll take the second question. Christian LevinCEO & Chairman of the