Holcim Ltd Unsp/Adr

Good morning, everyone, and welcome to Holcim's full year 2025 results presentation. My name is Dan Pomerin, head of investor relations, and I'm pleased to be joined by our CEO, Miljan Gutovic, and our CFO, Stefan Kindler. After the presentations, as usually, you will have the opportunity to ask questions. If you join us on this sunny day, Friday, in Zurich, then just raise your hand and we will hand you a microphone when it's your turn. And our colleague from Chorus Call will now instruct you how to ask your questions via the webcast. Xandra, please. Thank you.

You can register for questions at any time by pressing star and one on your telephone. Webcast viewers may submit their questions in writing by the relative field. I would like to remind you that all participants have been listened only mode and the conference has been recorded. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast.

Grazie mille, Sandra. And with this short intro, I directly hand it over to Miljan. Miljan, please.