Barco Nv Unsp/Adr

Good morning, ladies and gentlemen.

Thank you for joining our earnings call for the first half results 2026 here at Barco. My name is Willem Franszloh. I am Director of Investor Relations here in the room with our CEO Hans De Geen and CFO Anders Sander. We will present first our results, which will take about 20 minutes. And after that, we will open for questions. And I will give the words first to our CEO.

Thank you Wilm. Good morning everybody. Let me start with the summary of the results of the first half of 26. So orders came in at 468 million, that's 4% lower than last year. When we calculate that as constant currency, it's flat. Sales landed at 418 million, 8% below last year, 3% if you calculate it as constant currency. So after a Difficult first quarter, we saw the momentum improving in the second quarter where we saw orders picking up towards the second half of the second order. Also worth mentioning is that diagnostic imaging as well as control rooms really stood out for their solid performance throughout the first half here. Order book is now at 568 million. That is up compared to the end of 25. At that point, we're at 492 million. This, of course, gives us again a solid basis for the quarters to come, a solid foundation for the quarters to come. We also integrated now, after the successful acquisition of Vervent Audiobook, we integrated Vervent in our entertainment division. So they form now a third BU under entertainment. It's called Consumer Experience. And for the two months that Vervent has been reporting into the Barco financials, they also basically showed solid growth. Then we have also the gross profit margin, so gross profit margin was resilient despite some products mixed effects that we saw. EVVA landed at 26 million, that is 6% of sales and that was mainly driven by the lower top line and the resulting operating deleverage that we saw from the lower top line. Now for outlook for the year, management expects and reconfirms basically that we will basically grow sales over last year, including events. And our ADBA, we expect to land between 11 and 12%. And now I'd like to hand it over to Anne de Sender for some more financial details.