Aixtron Se Unsp/Adr

Ladies and gentlemen, welcome to Extron's analyst conference call for the third quarter of 2026. Please note that today's call is being recorded. Let me now hand you over to Mr. Christian Ludwig, Vice President, Investor Relations and Corporate Communications at Extron for opening remarks and introductions.

Thank you very much. A warm welcome also from my side to Extron's Q3 2026 results call. My name is Christian Ludwig. I am the Vice President of Investor Relations Corporate Communications at iXtron. With me in the room today are our CEO, Dr. Felix Grawert, and our CFO, Dr. Christian Danninger, who will guide you through today's presentation and then take your questions. This call is being recorded by iXtron 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 one of the presentation document as it applies throughout the conference call. This call is not being broadcast by a webcast or any other medium. However, we'll 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 Q326 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 financials. Finally, I will give you an update on the development of our business and our guidance. Let me start by giving you an update on the business development of the third quarter of 26 on slide two. The important messages for Q3 are we have received strong new orders of $275 million more than double the prior year level and 40% above Q2, predominantly driven by optoelectronics and increasingly also power electronics. Revenues came out at 184 million within our guidance of 180 million plus minus 20 for the quarter, reflecting the ongoing ramp up of the photonics business. We also continue to generate strong cash flow. Operating cash flow reached 138 million in Q3, and Free Cash Flow came in at 128 million. This was primarily driven by higher customer advance payments reflecting the strong order momentum and supporting the upcoming production wrap. We are fully on track to achieve the full year guidance with revenues of 560 million plus minus 30 as we target a very strong Q4 with a further increase in output beyond the level of Q3. Finally, construction of our new site in Malaysia continues and is fully on track. Christian will now provide a detailed look at our financials on the following pages before I take over with an update on our market.