Q4 2025 Vitrolife AB Earnings Call Transcript
Key Points
- Vitrolife AB (VTRLY) achieved 6% organic growth in local currencies, excluding discontinued business, surpassing internal forecasts.
- Strong performance in the Americas, particularly North America, with 9% organic growth in local currencies.
- APAC region reported a 10% organic growth in local currencies, outperforming internal expectations.
- The company is focusing on strategic investments in sales and marketing, particularly in North America, which are yielding positive results.
- Vitrolife AB (VTRLY) is implementing a restructuring program to focus on key tests and markets with stronger growth prospects.
- Currency effects negatively impacted sales by 10% and gross margin by approximately 2.5 percentage points.
- EMEA region faced challenges with a 1% decrease in sales in local currencies, excluding discontinued business.
- The gross margin decreased from 61.1% in Q4 2024 to 58.6% in Q4 2025, adjusted for restructuring.
- Higher operating expenses due to strategic investments in North America and IT, impacting EBITDA margin.
- Genetic services in the Middle East are negatively impacting EMEA results due to clinics insourcing activities.
Welcome to Vitrolife Q4 2025 earnings call. (Operator Instructions)
Now I will hand the conference over to CEO Bronwyn Brophy and Par Ihrskog.
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Good morning, everyone, and welcome to the Vitrolife Group Q4 report. I'll now move you to the first slide of the presentation. Let me start with the highlights. We delivered 6% organic growth in local currencies, excluding discontinued business, beating our own internal forecasts for the quarter in relation to the top line. Strong growth in Americas, again driven by North America. I should also call out that APAC also performed very well in the quarter with 10% organic growth in local currencies. And the third point that I would like to highlight is that following a strategic review of our genetic services business, we announced a restructuring program in December. This will allow us to focus on the key tests and markets with stronger prospects for possible growth.
I'll now move you on to the next slide, please, and
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