Adidas Ag Ord

Ladies and gentlemen, welcome to the ADIDAS-AG Q1 2025 conference call and live webcast. I am Moira, the chorus call operator. I would like to remind you that all participants will be in listen-only mode and the conference has been recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. Webcast viewers may submit their questions in writing by their relative field. For operator assistance, please press star and 0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Sebastian Steffen. Please go ahead.

Thanks very much, Maura. Good evening, good afternoon, good morning, everyone, wherever you're joining us today. And welcome to our Q1 2025 results conference call with our CEO, Björn Golden, and our CFO, Harm Ohlmeier. Before Harm and Bjorn will talk you and take you through the puts and takes of the quarter and explain our expectations for the rest of the year, I would like to ask you, as always, once again, to limit your initial questions to two during our Q&A session in order to allow as many people as possible to ask their questions. Thanks very much. And now, before I'm going to hand over to Bjorn, we will start with a video to get everybody in the right Adidas mood. Let's go.

2024 was just the beginning.