SMA Solar Technology AG (SMTGY) Q4 2025 Earnings Call March 26, 2026 8:30 AM EDT
Company Participants
Kaveh Rouhi – Chief Financial & Legal Officer and Member of Managing Board
Conference Call Participants
Constantin Hesse – Jefferies LLC, Research Division
Guido Hoymann – Metzler Equities, Research Division
Presentation
Operator
Ladies and gentlemen, welcome to the Analyst and Investor Presentation of Full Year Financial Results 2025 Conference Call. I am Valentina, the Chorus Call operator. [Operator Instructions] The conference is being recorded. [Operator Instructions] The conference must not be recorded for publication or broadcast.
At this time, it’s my pleasure to hand over to Kaveh Rouhi, CFO. Please go ahead.
Kaveh Rouhi
Chief Financial & Legal Officer and Member of Managing Board
Thank you, operator, and welcome, everyone. We very much appreciate that you are taking the time for this investor and analyst call on our full year 2025 results. This conference call is scheduled for up to 60 minutes and will be recorded. After the management presentation, I will be happy to answer your questions. Today’s presentation is available on our Investor Relations website. The replay will also be available on the IR website shortly.
Our agenda for today. First, I will give a review of our full year figures, followed by an update on the restructuring and transformation program and some insights on strategic topics for our Large Scale division. And last but not least, we’ll have a look at order backlog as well as our outlook for this financial year 2026. I expect the presentation part to last a little bit more than 30 minutes. I refer to our disclaimer on Page 2.
So let’s move to Page 4, financial highlights for the full year 2025. Group sales worth EUR 1.5 billion were nearly in line with last year. In