Jorgen Rosengren
President & CEO
Good morning, ladies and gentlemen. I’d like to welcome all of you to this presentation of Granges’ Fourth Quarter and Full Year Results for 2025. My name is Jorgen Rosengren, and I have the honor and pleasure to be Granges’ President and CEO since 2021. And I’m here together today with our Deputy CEO and CFO, Oskar Hellstrom; and our Director of Investor Relations, Anna Hedenberg.
During this call, I’ll start with some general comments about the development and then hand over to Oskar for a more detailed run-through of our results. And at the end of the call, there will be a summary, of course, and also ample time for questions. So let’s get started here.
The fourth quarter of 2025 was very good, and we felt to a good year. So let’s — let me speak first about volume. As we’ve done now for 7 or 8 quarters, we continue to take market share in all of our regions. And these share gains more than offset a very weak HVAC manufacturing activity in the period and generally hesitant demand. And as a result of all these things, sales volume in the quarter was up 17% and 22% for the full year.
If we then turn to earnings, the strong volume growth, combined with price and productivity improvements helped us grow our operating profit in the
