adminOperator
Welcome to the AAK Q4 2025 report presentation. [Operator Instructions] Today’s event will last for 45 minutes. Now I will hand the conference over to the speakers, CEO, Johan Westman; and CFO, Tomas Bergendahl. Please go ahead.
Johan Westman
President & CEO
Thank you. Good morning, everyone, and thank you for joining us, and thank you also for your interest in AAK. As you heard, I have today with me our CFO, Tomas Bergendahl. And with that, please turn to Page #2.
What we will cover today is quarterly highlights, some selected events, business and financial update as well as some concluding remarks, and then we take Q&A, and we are scheduled to continue for about 45 minutes. With that, let’s move to Page #3. This presentation includes forward-looking statements that come with risks and uncertainties. These are our views on future events and financial performance, but actual results may differ. So please keep that in mind when we are going over the material for you today.
With that, let’s move into the presentation on Page #4. Against the backdrop of disciplined execution and on a strong and Making Better Happen culture within our company, we entered 2026 strengthened by a solid execution in 2025. For the full year, operating profit increased by 9% at constant exchange rates and excluding the Hillside divestment and the second quarter
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