eDreams ODIGEO S.A.

Good afternoon, everyone, and thank you all for joining us today for our full year 2023 results presentation for the 12 months ending 31st of March, 2023. I'm David de la Roque, the Director of Investor Relations at the Grimms region. As always, you can find the results materials, including the presentation, and our results report on the Investor Relations section of our website. I will now pass you over to Dana Dunn, our CEO, who will take you through the first part of the presentation.

Thank you, David. And good morning, everyone. Thank you for joining us today. In our 20-plus year history, FY23 was a record year for edu across many of our important KPIs, such as revenue margin, cash revenue margin, bookings, mobile bookings, and many, many more. The key takeaway from these results is that we continued our rapid sales growth with equally sharply improved margins. In fact, our cashing for the margins improved eight percentage points since the start of FY23, moving from 9% to now 17% in Q4. And overall, we are on target to meet or exceed our self-set targets for FY25. Today, we'll take you through the key points of our strong set of results. This will include, one, EVU benefits from being a subscription company focused on leisure travel. Two, the prime model, another year of strategic success and our excellent FY23 results.

Three, our investment highlights.