Operator

Welcome to the Addtech Q4 2025 Report Presentation. [Operator Instructions]

Now I will hand the conference over to CEO, Niklas Stenberg; and CFO, Malin Enarson. Please go ahead.

Niklas Stenberg
MD, President, CEO & Director

Thank you, operator, and most welcome, everyone, to Addtech's year-end report presentation. The setup is as usual, Malin and I will use approximately 0.5 hour to summarize and give our comment on the results and then open up for questions.

Before we head on to the highlights of the report, just a very quick run through of the key fundamentals of Addtech. We are a group of more than 150 independent and strictly decentralized companies in 20 countries with a clear business-to-business offering. With our new strengthened organization since the autumn, we operate now in 6 business areas, all with clear strategies and a value proposition centered around the niche products and solutions primarily to manufacturing and infrastructure sectors.

We have what we call a dual growth engine approach. Our focus is to develop and grow the existing business organically together with our entrepreneurs and then complement and strengthen our strategic niches with acquiring leading companies with a strong offering, and we fund our acquisitions primarily by own cash flow.

Size-wise, we have now a turnover for the full year of almost SEK 23 billion. We run