Knorr-Bremse AG

Thank you, Operator. Good afternoon, as well as good morning, ladies and gentlemen.

My name is Andreas Spitzauer, Head of Investor Relations of Knorr Bremse AG. I want to welcome you to Knorr Bremse's conference call for the Q1 2022 results. Today, Frank Weber, our CFO and Bremse's head of CVS, will present the results of Knorr Bremse, followed by a Q&A session, which will be also joined by Dr. Jürgen Wilder, head of the RVS division. The conference call will be recorded and is available on our home page, www.knorr-bremse.com, in the Investor Relations section. You can find today's presentation and later a transcript of the call. It is now my pleasure to hand over to Frank. Please go ahead.

Thank you, Andreas, and welcome everybody to our conference. We appreciate you joining us today. Today's call is made up of two parts. First, I will present the highlights of the last quarter, and my colleague, Bernd Spies, who is newly introduced into the management board, will introduce himself. Afterwards, We look forward to your questions and comments. Needless to say, Bernd is already here, as well as my colleague Jürgen Wilder, and we all three will be available for the Q&A session. On chart two, I put together the key takeaways for today. First, despite all market challenges such as supply chain issues, inflation, the war in the Ukraine, the market demand and the mega trends in rail and truck continue to be strong. Second, we have a clear action plan to fight increased input costs. Third, we are prepared to face all economic uncertainties around us. Fourth, walk the talk. We follow our focused M&A strategy, which we presented at the Capital Markets Day in November of last year, and also don't shy away from divestments. We confirm the operating guidance before the direct negative impact by the war in the Ukraine. I will provide more details about those five topics during my presentation. But for now, I would like to hand over to Bernd.