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Thanks, Moritz, and also a very warm welcome from the Nordics team in Hamburg. Thank you for joining the Q4 2025 and full year results management call. As always, we ask you to take notice of our safe harbor statements. With me are our CEO, Jose Luis Blanco, and our CFO, Dr. Elia Hartmann, who will lead you through the presentation. Afterwards, we will open the floor for your questions. And now I would like to hand over to our CEO, Jose Luis,

Thank you very much for the introduction, Anja. As said, on behalf of the Management Board, a very warm welcome to all of you joining us today for the Q4 full year 2025 results. Results that conclude transformational period and a transformational year for Nordics. 2025 has been a landmark year. We delivered and exceeded our medium-term margin target ahead of schedule, generated positive free cash flow, achieved record order intake, and strengthened our balance sheet. This very much sets the tone for the years ahead of us Let's now walk you through what drove this performance and how it prepared Nordisk for the next phase of profitable growth. Let's start with a short recap of how we were able to deliver as promised or on the upper end of the promise. Over the past three years, we have made consistent progress in strengthening the business and our profitability. 2025 is the year in which Nordisk demonstrated that the operational and financial improvements we have been working on over the past three years are now full translating into our numbers. We deliver robust growth across all major KPIs, increased profitability substantially, generated a strong free cash flow and strengthened our financial foundation. Combined, these achievements set a strong tone for our longer-term strategic ambitions. Moving on, 2025 was a milestone year for Nordex. We delivered record order intake of 10.2 gigawatts reached an 8.4% EBITDA margin and generated 863 million of free cash flow, all well above last year and ahead of our original plan. These results show that our strategy is working and that our business is now consistently delivering strong margins and is cash generative. Based on this track record, we now aim to set the tone for what is ahead of us. First, 2026 guidance, continued sustainable improvement, capital allocation, the introduction of our first shareholders return policy, and third, our new strategic mid-term target and upgraded EBITDA margin of 10 to 12. Before we go into more details on the mentioned aspects, let's look at how we performed in terms of market position in 2025 first. 2025 was also a year in which our market position strengthened further. We were again able to keep our number two position globally, improving. not in the relative position, but in the market share of the global position. In Europe, we continue our strong momentum and achieve leadership position for the fourth year in a row. And this clearly reflects our competitive product range and our strong customer relationship and ability to deliver in our core region. In the Americas, we continue to rebuild our market position, mainly driven That year by Canadian orders, reaching an 11% market share in 2025, a solid step forward after the reset in previous years. Let's now start the usual chapters regarding the operational and financial highlights. Let me start with an overview of the fourth quarter and the full year. Q4 was another strong quarter operational. Our combined order book grew to 16 billion euros with the turbine order book up 30% year-on-year to over 10.1 billion and the service order book rising 20% to nearly 6 billion. Financially, we closed the year with 307 million EBITDA in Q4, an increase of 188% compared to the same period of 2024. Our EBITDA margin in Q4 reached 12.1%, up more than 7% of points year-on-year. Service EBIT margin increased further to 19%, marking another quarter of consistent increase. Free cash flow in Q4 reached 565 million, more than doubling last year's level. And finally, our net cash position exceeded 1.6 billion at year-end. We also successfully reached our medium-term EBITDA margin target of 8% already in 2025. And we believe we can deliver further margin improvements based on the levers we see. And with this, let me walk you through the operational performance in more detail. In Q4. We record 3.2 billion of turbine order intake, an increase of around 10% compared to Q4 last year. This corresponds to 3.6 gigawatts, representing 9% growth versus Q4 2024. A few important aspects to highlight. First orders came from 12 different countries. demonstrating continuous strong diversification. ASP remained stable at 0.89 million per megawatt, comparable to last year's level. The largest markets in Q4 were Germany, Canada, and France, supported by a steady demand in our focus regions and countries. On a full year basis, turbine order intake reached 10.2 gigawatts representing a record 9.3 billion in order value, an increase of 25% year on year. Let's move to the next slide, the order book. Our turbine order book ended the year at 10.1 billion euros, up 30% versus the same period of 2024. On the service side, our order book increased to almost 6 billion, up 20% year-on-year. We now have almost 14,000 turbines covered by long-term service contracts, representing 48.3 gigawatts under service contracts. And the combination of structurally larger projects, order book, and steadily growing service base provides a strong visibility for revenue and margin delivery in 2026 and beyond. Let's talk about the service business. Our service business continue its predictable trajectory in 2025. In Q4, service revenue reached 240 million euros. Service EBIT reached 46 million, corresponding to a 19% EBIT margin. This marks the eighth conservative quarter of margin expansion in the service business, driven by improved efficiency, strong availability levels in our stall base, and disciplined execution. Let me also highlight a few key operational KPIs. The average availability of our wind turbines under service remain high at around 97%. And the average tenor of our service contracts continues to be around 13 years. Let's move to the next slide, our installation and production figures. Installations were up by 25% year-on-year, reaching around 2.1 gigawatts in the fourth quarter of 2025. In Q4, we installed 376 turbines, up from 283 in the same period of 2024. Full-year installations reached 7.663 megawatts or gigawatts compared to 6,641 megawatts in 2024. Turbine production increased to 519 turbines in Q4 compared to 445 last year. Paid production remained stable despite temporary delays at one of our suppliers in Turkey. And now I would like to hand over to Ilia for the financials.

Thank you, Julis. And a warm welcome also from my side. So before I start with my usual slides, let's take a brief look at the past fiscal year and the achievements of our goals or targets. So the slides on the screen, illustrates the highlights of that past year. Following the initial publication of our guidance for 2025, we made strong progress in our operational performance throughout the year, as we just talked about that. And as a result, we were able to further strengthen our profitability, which led us to upgrade our full year EBITDA margin guidance in last October. By year end, we achieved, and in some areas even exceeded, all of the targets we had. So let me use this opportunity to thank Team Nordics for their tireless efforts worldwide. We're very proud of you. And with that, let's move on to the next page where I would like to share a few insights on the development of our income statement. After sales were temporarily affected by project mix and scheduling effects early in the year, we saw a significant rebound in the fourth quarter. Sales increased by 16% to around 2.5 billion, compared with 2.2 billion in Q4 of the year before. Main contributors were Germany, Turkey, North America, and Spain. For the full year, sales reached approximately 7.6 billion euros, and so fully in line with our internal planning and almost right in the middle of our guided range, despite some impacts from Turkey that we discussed with you last year. We continue to strengthen our growth margins, reaching 27.8% in the fourth quarter, up from 23% in the same period last year. For the full year, gross margin improved to 27% compared with 21% in the previous year. This corresponds to an EBITDA margin of 12.11% in Q4 2025, up from 4.9% in Q4 of 2024, and of 8.4% for the full year 2025, compared to the 4.1% in the year before. Building on this operating performance, we ended the quarter with a net profit of 184 million compared to 18 million in the fourth quarter of 2024. For the full year 2025, the net profit amounted to 274 million euros, significant improvement over the 9 million recorded in 2025. With this, let's move on to the balance sheet. As we can see, our overall financial position at year end remained solid and has further strengthened compared to the end of 2024. A reflection of the operational and financial performance throughout the year. Cash position at the end of the fourth quarter was around 1.9 billion euros. Working capital came in at minus 12.4%, significantly better than our guided number of below minus 9%. Equity ratio improved steadily through the year and reached 19% at the end of the fourth quarter, compared with 17.7% at the year-end 2024. This positive development is largely driven by the strong increase in our net profit. And now, let's have a closer look at the other balance sheet KPIs have developed in the last quarter. Overall, all balance sheet figures continue to develop positively in the fourth quarter, continuing the trend we had already seen throughout the entire year. The operating performance in the fourth quarter led to a further increase in our net liquidity, which reached a record year end level of 1.625 million. Again, the working capital ratio at the end of the fourth quarter was minus 12.4 percent, or minus 935 million euros in absolute terms. This improvement is largely attributable to the very strong water momentum we experienced in the final month of 2025. And now, let's go to the cash flow and CapEx slide. Cash flow from operating activities amounted to €631 million at the end of the fourth quarter, previous year was €318 million, and to over €1 billion for the full year, previous year €430 million. And one more time, this development reflects our consistently robust operational performance throughout the year, and especially the very strong fourth quarter. So, in the fourth quarter of 2025, positive free cash flow totaled €565 million compared to Q4 of the prior year of €271 million. The full year, we closed with a positive free cash flow of €863 million versus the €271 million in 2024, supported, of course, by our auto intake and further improvements in working capital. CAPEX increased to 72 million euros in the fourth quarter compared with 42 million in the prior year quarter. And for the full year, CAPEX totaled 169 million euros, higher than last year's 153 million, though still below our full year guidance of around 200 million euros. And with that, I would now like to hand back to José Luis for the final chapter, our guidance and strategic outlook.