Adidas Ag Ord

Ladies and gentlemen, welcome to the adidas AGQ1 2026 conference call and live webcast. I'm Moira, the chorus call operator. I would like to remind you that all participants will be 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 one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Sebastian Steffen, Head of Investor Relations. Please go ahead.

Yeah, thanks very much, Maura. And hello, everyone, and welcome to our Q1 results conference call. Along with me here today are our CEO, Björn Golden, and our CFO, Harm Ohlmeier. You know the drill. First, Björn and Harm will take you through the puts and takes of the quarter and our outlook, and then, of course, we will open up the floor to your questions. As always, during the Q&A session, please limit your questions to two to allow as many people as possible to ask a question. Before we kick it off, there's actually one more thing I would like to mention. I guess we all witnessed a very historic sports moment on Sunday at the London Marathon. I have to say I still get goosebumps when I think about it and when I think about the visit of these fantastic athletes here at our campus yesterday. And Bjorn is actually going to talk about it in more detail in a second. But what I wanted to share with you is that there will actually be a documentary about the SUP2 journey going live tomorrow afternoon. And it shows in a very impressive way that these huge achievements have not been reached by luck, but that there's actually a lot of hard work by a lot of great people behind it. And of course, we wanted to make sure that you get a sneak preview of it, and that's why we put together a trailer very quickly yesterday that we're going to show you now. So, enjoy.

Running a marathon probably is not just a sport activity. There is a bit of a mystical, spiritual aspect, I don't know, something like that, because just imagine for two hours someone is kind of involved in this very unique situation where everything has to work perfectly in synchro. And of course, as human beings, we are a very complex system. So we cannot think of a human being like pieces together. It's the interaction between all these pieces that eventually makes us so unique.