Q4 2025 Interpump Group SpA Earnings Call Transcript
Key Points
- Interpump Group SpA (FRA:8IG) reported a record free cash flow of EUR220 million, surpassing the previous record of EUR205 million.
- The Hydraulics division showed significant recovery with a growth rate of 4.8% in Q4 2025, marking an acceleration in its recovery.
- The company achieved a 2.5% revenue growth in Q4 2025, driven by strong performance in the Hydraulics division.
- The Water Jetting division maintained stable profitability at 25.7% in Q4, closing the year with an improved margin from 26.2% to 27.2%.
- Interpump Group SpA (FRA:8IG) aims to reach EUR2.5 billion in revenue by 2028 through organic growth and acquisitions, while maintaining excellent profitability and zeroing its net financial position.
- The geopolitical context poses a risk, contributing to a cautious guidance range for 2026 with potential negative growth.
- The Hydraulics division experienced a 4% revenue decline for the full year 2025, impacting overall profitability.
- The Water Jetting division reported a slight revenue decrease of approximately 2% in Q4 2025, attributed to a strong comparison base from the previous year.
- The company's trade working capital to sales ratio remains above the optimal level, indicating room for improvement.
- The US market, a significant region for the company, showed growth only after six consecutive quarters of decline, highlighting ongoing market challenges.
Good afternoon. This is the chorus call conference operator. Welcome, and thank you for joining the Interpump Group fourth quarter 2025 financial results conference call. (Operator Instructions) At this time, I would like to turn the conference over to Elisabetta Cugnasca, Head of Investor Relations. Please go ahead, madam.
Thank you. I am Elisabetta Cugnasca, Head of Investor Relations of Interpump Group. Good afternoon or good morning, depending on your time zone, and welcome to this Interpump fourth quarter 2025 financial results conference call. As usual, I must draw your attention to the disclaimer slides in the annex part of the presentation that I hope you were able to download from our website.
Now I would like to leave the floor to Mr. Marasi, Group Chief Executive Officer.
Thank you, Ms. Cugnasca, and thanks to all of you for joining our call. We are
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