Mtu Aero Engines Hldgs Ag

Welcome to the conference call on MTU Aero Engines AG Q3 2025 results. For your information, the management presentation, including the Q&A session, will be audio taped and streamed live or made available on demand on the internet. By attending in the conference call, you grant permission for audio recordings intended for publication on the internet to be taken. The speakers of today's conference call are Mr. Johannes Bußmann, Chief Executive Officer, and Mrs. Katja Garcia-Villa, Chief Financial Officer. Firstly, I will hand over to Mr. Thomas Franz, Vice President, Investor Relations, for some introductory words.

Thank you, Sarah. Good morning, and welcome to MTU's nine-month 2025 results call. We'll begin today's session with our new CEO, Dr. Johannes Buschmann, who would like to introduce himself and share his first impressions. Following that, Katja will highlight the most important developments of the quarter and walk you through the financials, providing a detailed overview of our segment performance and underlying drivers. To close the presentation, Katja will summarize the key takeaways before we open the floor for your questions in the Q&A session. With that, it's my pleasure to hand over to Johannes.

Thank you, Thomas. Good morning to everyone and welcome to our earnings call. I have been on the board now since the middle of July, so quite over two months already, and it was a great pleasure to meet already some of you in person. For those who don't know me yet, let me introduce myself briefly. I've spent nearly my entire career in aviation and hold a degree in aerospace engineering. And furthermore, I was part of Lufthansa Technik for over 20 years. During my first weeks at MTU, I was working closely and intensely with my predecessor, Lars Wagner, to ensure smooth and collaborative handover and transition. Having been in my role as a new CEO of MTU, it has been really great to dive deeper into the company, our programs, and find an inspiring set of people that is well positioned to capitalize on market opportunities. It actually feels like much more than two months. I guess the reason is that I worked with MTU for many years as a business partner already and was previously a supervisory board member of MTU. My priority is now to get to know MTU really in depth. That is my current visit and journey from the production side and, of course, the shops and different products and people. And I'm truly inspired by the passion the entire MTU team shows on these visits. And you can feel that everyone is really innovative driving and has a great passion for shaping the future of this company. I will be happy to share my insights and key priorities moving forward with you at the full year's release. But today, I also have the pleasure to welcome Dr. Ottmar Pfender in the team, who will replace Michael Schreier on January 1, 2026. And I would like to thank Michael for his great contribution for over 35 years with MTU, and he did a great piece of work here. Ottmar will take over his responsibilities as Chief Program Officer, and has also more than 25 years of experience in the industry and with MTU. As the new executive board team, we will continue MPU's growth and transformation course, and I look forward to shaping MPU's future with my team from Katja, Silke, and Ottmar. And how we are progressing for the first nine months of this year, Katja will explain to you now. Thanks.