Fourth quarter 2025 − Operating net sales of 1,429.2 (1,448.0) resulting in organic growth of 3% − Net sales including acquired deferred revenue amounted to 1,428.8 MEUR (1,448.0) − Adjusted gross earnings of 964.1 (966.3) resulting in a 67.5% (66.7) gross margin − Adjusted operating earnings (EBIT1) of 420.3 MEUR (450.3) resulting in a 29.4% (31.1) EBIT1 margin − Adjusted earnings per share of 11.8 Euro cent (12.4) − Earnings per share of 8.8 Euro cent (10.9) − Cash conversion of 121% (116) − Recurring revenue of 567.4 MEUR (582.5), 3% organic growth − The Board of Directors
