LEM Holding S.A.

Welcome to the length of year 526 conference call. At this time, all participants have been placed on a listen-only mode. The floor will be open for questions following the presentation. Let me now turn the floor over to your host, Andreas Hörlimann, Board of Directors.

Ladies and gentlemen, Thank you for coming here today for the full year results, 25-26 conference of LEM Holding, and a warm welcome from my side. Also to the participants who joined us via telephone conference or webcast. I'm Andreas Hurleyman, Chairman of the Board of Directors. I'm here with our CEO, Frank Rehfeld, and our CFO, Antoine Julia. 25-26. once again characterized by market uncertainty, currency headwinds. While conditions remain challenging, including ongoing pricing pressure in China, we saw signs of stabilization supported by mostly normalizing inventory levels and some positive signals in Western markets. Momentum was particularly evident in automation and energy distribution and high precision, supported by data center-related demand. Order intake improved towards the end of the financial year. Frank and Antoine will provide more details on business development and financial performance in their presentations coming up. From the chairman's perspective, this is important that you know that. In this environment, LEM continued to move forward with its strategy of building a business model that is well-positioned to benefit from global megatrends such as data center infrastructure, electrification, energy efficiency, energy transition, and e-mobility. A key focus of the year was the continued implementation of our company-wide transformation program, Fit for Growth, aimed at improving competitiveness, enhancing operational efficiency, and strengthening our focus on Asia while making LEM more agile and customer-centric. As global markets for new energy vehicles and renewable energy increasingly shift to ASA, LEM further adapted its organizational and geographical setup. R&D activities were expanded in Asia, shared service center capacities consolidated in Bulgaria, and production capabilities strengthened in Malaysia and Bulgaria as well. At the same time, the company continued to optimize its cost base across all functions, supporting growth in key markets while maintaining financial discipline and resilience. Beyond these organizational measures, we invested in innovation, strengthened customer proximity, and aligned our structure to meet shifting market realities, particularly in China, where our efforts to win new projects and build regional capabilities have contributed to bear fruit. Based on these measures and the resulting improved business performance, LEM has drawn attention of certain interested parties. In accordance with its fiduciary duties, the Board of Directors is conducting a review of potential strategic options to increase long-term value creation. The process is at a very early stage and no decision has been made. There can be no assurances that the review will result in any transaction or other specific outcome. After my introduction, Frank Rehfeldt will present the highlights of the last financial year and provide a deeper insight into the business performance. After that, Antoine Julia will present the financial results before Frank will give you an outlook on the current year and an update on our sustainability strategy and effort. Then I will return to the speaker desk to inform you about the dividend proposal to the annual general meeting. And now, The floor is yours, Frank.

Thank you very much.