Brenntag Se

Ladies and gentlemen, thank you for standing by. Welcome to the Brentag Se Q2 2026 results call and live webcast. Please note that the call will be recorded. During today's call, webcast participants will be in a listen-only mode while we conduct the question and answer session. If you wish to ask a question, we ask that you please use the raise hand function at the bottom of your Zoom screen. Instructions will also follow at the time of the Q&A. I'd now like to turn the call over to Andre Simon, Senior Vice President Corporate Investor Relations. Please go ahead.

Thank you, Jenny. Good afternoon, ladies and gentlemen, and a warm welcome to our second quarter, 22nd call from my end as well. On the call with me today is our CEO, Jens Birgersson, and our CFO, Thomas Reisten. As you have noticed, we have changed the procedure. We made available a pre-recorded video of the management presentation this morning together with all accompanying materials in the investor relations section of our webpage. With this, we want to give you more time for preparation and the possibility to handle potential overlaps with other earning calls. Consequently, today's call will focus exclusively on answering your questions. A replay of today's Q&A session will be made available on our website shortly after the call. And before we begin, please note our safe harbor statement, which can be found at the end of our analyst presentation. With that, I would now like to start the Q&A session. Jenny, please open the line for questions.

Thank you. Ladies and gentlemen, we now begin our Q&A session. If you have a question, we ask that you please use the raise hand function at the bottom of your Zoom screen. Once your name has been announced, please accept the prompt, unmute and ask your question. If you want to withdraw your question, please lower your hand using the raise hand function. Thank you. And a moment for the first question, please. Our first question comes from Sursani Varanasi from Goldman Sachs. Please unmute your line and ask your question.