Adidas Ag Ord

Ladies and gentlemen, welcome to the ADIDAS-AG full year 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 if 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. 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 Stessen, Senior Vice President, Investor Relations, Corporate Communications, and Corporate Strategy. Please go ahead.

Yeah, we just realized it's a long title. Thanks very much, Maura. Good evening, good afternoon, good morning, everyone, wherever you're joining us today, and welcome to our full year 2025 conference call. Our presenters today are our CEO, Bjorn Golden, and our CFO, Harm Olmeier. I know that there is a lot to talk about today, and we will kick it off in a second with Bjorn and Harm, who will provide the details for 2025. They will be sharing with you our operational and financial highlights for last year, present our outlook for 2026, and, of course, also talk about our outlook for 2027 and 2028. For the following Q&A session, I would like to ask you to please limit your initial questions to two. to allow as many people as possible to ask their questions. Thanks very much. And now, before I hand over to Björn, we will, of course, kick it off with a video.

In 2025, we pushed ourselves even further to be the best sports brand in the world. Continually innovating for sport, Adizero Drop Sellerie. Our first truly hybrid racing shoe. Style. She looks good. She feels comfortable. Strong, sexy, and comfort. The height of this shoe is half a chunk. A hyperboost edge. I need this shoe.