Full Year 2025 ams-OSRAM AG Debt Investor Call Transcript
Ladies and gentlemen, welcome to the debt investor conference call and live webcast on fourth quarter and full-year 2025 results. I'm Serge, the Chorus Call operator.
(Operator Instructions)
The conference is being recorded. The presentation will follow by a Q&A session.
(Operator Instructions)
At this time, it's my pleasure to hand over to Juergen Rebel, Head of Investor Relations. Please go ahead.
Hello, good afternoon. This is Juergen speaking. Welcome to today's call on our fourth quarter and full fiscal '25 results for credit investors. Rainer, our CFO, will walk you through the Q4 earnings call presentation that you can find on our website as well. Rainer, stage is yours.
Thank you, Juergen, and good afternoon, everyone, from my side. Let's start on slide 3. '25 was another year of disciplined execution. We built a stable
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