Stadler Rail AG (SRAIF) Q4 2025 Press Conference Call Transcript

Marc Meschenmoser
Head of Corporate Communications & Public Relations

[Foreign Language] Ladies and gentlemen, esteemed members of the media and analysts, I warmly welcome you to today’s Stadler Rail Financial Results Press Conference. On behalf of Stadler, I would like to welcome Group CEO, Markus Bernsteiner; and Group CFO, Raphael Widmer.

They will both present the results for 2025 financial year and an outlook for the current year and beyond. Afterwards, the Group CEO and CFO will, of course, be available to answer individual questions. My name is Marc Meschenmoser, Head of Group Communications. I look forward to guiding you through this event. [Foreign Language]

[Interpreted] I now pass the floor to Stadler Group CEO, Markus Bernsteiner.

Markus Bernsteiner
Group CEO & Member of the Group Executive Board

[Interpreted] Thank you very much esteemed media representatives, analysts. I would also like to warmly welcome you to the presentation of 2025 end year results. Before I present our figures to you, I’d like to give you an overview of our past financial year. In light of the framework conditions, we are very satisfied with the development of 2025. As you will see later, the relevant key figures go in the right direction. We can confirm guidance. And furthermore, in 2026, we expect further drove major growth regarding revenue and EBIT. Over these past few years, we invested