AmRest Holdings SE

Good morning all and thank you for joining us for the AMREST Half One 2025 Results Call. My name is Carly and I'll be coordinating the call today. If you'd like to register a question during the call, you can do so by pressing star followed by one on your telephone keypad to remove yourself from the questioning by star followed by two. If you join us online, you can also submit a text question via the Q&A button on your browser now. I'd now like to hand over to our host, Dukas Wajleko. Please go ahead.

Good afternoon, ladies and gentlemen. My name is Łukasz Wachełko. I'm representing Wooden Company. And again, I have the pleasure of moderating the call with AMBRIS after the results, the components being represented by CFO Eduardo Zambaripa and IR Santiago Camaro Aguilera. Gentlemen, the mic is yours.

Thank you, Lucas. Good afternoon, and thank you for joining us in today's second quarter 2025 AMBRIS result presentation. I will share with you an update on AMBRE's situation at the end of the quarter. In this second quarter, global conditions were shaped by escalating trend tensions that led to episodes of significant financial volatility and a broad decline in consumer confidence across many countries. Regional performance reflected this uncertainty. Western Europe slowed to near stagnation. Eastern Europe remained comparatively resilient. And China developed solid growth. But structural changes persisted beneath the surface. With this context, we'll now review our second quarter results, financial performance and outlook, before opening the floor for your questions. Please note that today's remarks may include forward-looking statements subject to risks and uncertainty. But let's start with today's presentation.