Iveco Group Nv

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Good day, ladies and gentlemen, and welcome to today's IVECA Group 2024 First Quarter Results Conference Call and Webcast. We would like to remind you that today's call is being recorded. After the speaker's remarks, there will be a question and answer session. If you wish to ask a question during the Q&A session, please press star 1 on your telephone keypad. At this time, I would like to turn the call over to Federica Donati, Head of Investor Relations. Please go ahead, sir.

Thank you, Laura. Good morning, everyone. We would like to welcome you to the webcast and conference call for Iveco Group first quarter financial results for the period ending 31st March 2024. This call is being broadcast live on our website and is copyrighted by Iveco Group. Any other use, recording or transmission of any portion of this broadcast without the express written concept of IVECO Group is strictly forbidden. Hosting today's call are IVECO Group CEO, Garrett Marks, and our CFO, Anna Tanganelli. Garrett and Anna will use the material made available for download on the IVECO Group website early this morning. Additionally, please note that any forward-looking statements we might be making during today's call are subject to the risks and uncertainties mentioned in the Safe Harbor Statement, including the presentation material. Additional information pertaining to factors that could cause actual results to differ materially is contained in the company's most recent annual report as well as other recent reports and filings with the authorities in the Netherlands and Italy. The company presentation may include certain non-EU IFRS financial measures. Additional information including reconciliation to the most directly comparable IFRS financial measures is included in the presentation material. Reiterating here again what we already disclosed during our recent Capital Market Day in March, Iveco Group and Mutares announced the signing of a definitive agreement for the transfer of ownership of Magirus and all of its assets and legal entities performing the firefighting, body works and superstructure business. Subject to the regulatory approval, the transaction is expected to be completed no later than January 2025. In accordance with IFRS 5, as the sale was signed in March, Magirus met the criteria to be classified as a business held for sale. It also met the criteria to be classified as discontinued operations. As a consequence, from now on, 2024 financial data shown in the press release and this presentation exclude Magirus and refer to continuing operations only, unless otherwise stated. In accordance with applicable accounting standards, the figures in the income statement and the statement of cash flow for 2023 comparative periods have been recast consistently. I will now turn the call over to our CEO, Gary.