Aixtron Se Unsp/Adr

Ladies and gentlemen, welcome to the Extron's Analyst Conference Call, Q1 2026. Please note that today's call is being recorded. Let me now hand over to Mr. Christian Ludwig, Vice President, Investor Relations and Corporate Communications at Extron for opening remarks and introductions.

Thank you, Anna. A warm welcome to Extron's Q1 2026 results call. My name is Christian Ludwig. I am the VP of Investor Relations and Corporate Communications at Extron. With me in the room today are our CEO, Dr. Felix Rabat, and our CFO, Dr. Cassandra Dunningham, who will guide you through today's presentation and then take your questions. This call is being reported by Exron and is considered copyright material. As such, it cannot be recorded or rebroadcast without permission. Your participation in this call implies your consent to this recording. Please take note of the disclaimer that you find on page two of the presentation document, as it applies throughout the conference call. This call is not being broadcast via webcast or any other medium. However, we will make a transcript available on our website after the call. I would now like to hand you over to our CEO for his opening remarks. Felix, the floor is yours.

Thank you, Christian. Let me also welcome you all to our Q126 results presentation. I will start with an overview of the highlights of the quarter and then hand over to our CFO, Christian, for more details on our financial figures. Finally, I will give you an update on the development of our business and guidance. Let me start by giving you an update on the key business development of the first quarter on slide two. The important messages from Q1 are strong new orders of 171 million driven by OptoElectronics, revenues of only 59 million due to seasonality, but also limited demand for both power electronics segments. Nevertheless, this was expected as revenues came within our guided range of 65 million plus minus 10. The gross margin came out at 18% impacted by negative operating leverage and low volume, as well as a mid-single-digit Euro million one-off cost item related to our announced personnel reduction. Despite the weaker start into the year, we confirm our new fiscal year guidance released mid-April with revenues of 560 plus minus 30 million Euros before 520 plus minus 30. We announced a new greenfield site in Malaysia. With investments of approximately 40 million euros in the next years, we will be ready for production by middle of 2017. Also, after the reporting date, we successfully placed our first convertible bond in April at very attractive terms, enhancing our financial flexibility. Christian will now provide a detailed look into our financials on the following pages before I take over with an update on our markets. Christian?