Aebi Schmidt Holding AG

good day and thank you for standing by welcome to the abbey schmidt group first quarter 2026 earnings call at this time all participants are in the listen only mode after the speaker's presentation there'll be a question and answer session to ask a question during the session you will need to press star one and one on your telephone you will then hear an automated message advising your hand is raised to withdraw your question please press star one and one again please be advised that today's conference is being recorded I would now like to hand the conference over to your first speaker today, Simone Grantini, Investor Relations Director. Please go ahead.

Thank you, Sharon. Good morning, and welcome to the AB Schmidt First Quarter 2026 Earnings Call. Joining me on the call today are Varen Pruithof, Group CEO, who will provide the first quarter highlights, outlook, and concluding remarks. Stefan Schwerder, CEO of North America, and Henning Schroeder, CEO of Europe and the rest of the world, who will detail the performance in the respective segments. And Marco Portman, Group CFO, who will provide a financial overview. Before I turn the call over to Bahrend, I remind you that today's comments include forward-looking statements. subject to the safe harbor language contained in this morning's press release and in Abbie Schmidt's filing with the SEC. As a reminder, all Q1 2025 comparative figures referenced in today's material, like all figures prior to the merger closing day, are presented on a combined basis for Abbie Schmidt and the acquired shift group. Accordingly, all year-over-year comparisons are based on combined Q1 2025 financial information of both companies, rather than standalone historical results. And with that, I hand the call over to Barrand.

Good morning, everyone. As shown on page 5, Q1 2026 was marked by strong order momentum, increased sales, and profitability. especially in Europe and the rest of the world. In Q1 2026, our order intake increased by 9% and order backlog by 23% versus Q1 2025. And net sales reflected an underlying like-for-like growth of 7%. Our adjusted EBITDA increased 6% year-over-year, delivering a significantly higher adjusted EBITDA margin of 7.3% versus 6.9% in the prior year, and net income improved by 7% year over year. On page six, I will provide you with some more details on these achievements. In Q1, we launched our new brand architecture, completed key facility ramp-ups and positioned the company to execute on our record backlog of $1.3 billion. We also announced a strategic partnership with Yetimove, a leading provider of autonomous and driver assistance solutions to accelerate the future of autonomous mobility for airports. Both our segments secured major wins, including a landmark 40 million euro European airport deal, a $50 million truck body contract, a $45 million orders from multiple state departments of transportation, and a $30 million award with an American airport. Net sales delivered an underlying growth of 7% on a like-for-like basis. with Europe and the rest of the world as a strong contributor to this performance, driven by the successful launch of the new Clingo Compact Sweepers and continued momentum from the LADOC product. Ultimately, our adjusted EBITDA improved by 6% in the first quarter of 2026 compared to the first quarter of 2025. Europe contributed to this with an outstanding 201% increase year over year. And now I turn the call over to Stefan.