Siltronic Ag Ord

Hello, everyone, and welcome to the presentation of Siltronic's Q1 2026 results conference call. Please note that this call is being recorded and streamed on Siltronic's website. The call will also be available as an on-demand version later today. Your participation in this call implies your consent with this. At this time, I would like to turn the conference over to Stephanie Malgara, Senior Manager, Investor Relations at Siltronic. Please go ahead.

Thank you, Cynthia. Welcome, everybody, to our Q1 2026 results presentation. This call will also be webcast live on filtronic.com. A replay of the call will be available on our website shortly after the end of the call. Our CEO, Michael Heckmeyer, and our CFO, Claudia Schmidt, will give you an overview of our financials, the current market developments, and our guidance. After the presentation, we will be happy to take your questions. Please note that management comments during this call will include forward-looking statements that involve risks and uncertainties. For discussion of risk factors, I encourage you to review the safe harbor statement contained in today's press release and presentation. All documents relating to our Q1 2026 reporting are available on our website. I now turn the call over to Michael for his remarks.

Thank you, Stephanie, and a warm welcome also from my side. Given that we released our 25 financials only six weeks ago, today's call will be relatively compact while, of course, covering all material developments since then. Let's start with a broad overview of our development in the first three months of the year. Claudia will provide a more detailed breakdown in just a moment. As expected, Q1 was a soft start into the year. Sales came in at €307 million, significantly below Q4-25, which had benefited from delivery shifts. In line with the lower sales level, profitability decreased sequentially. The ABTA margin was 21.2% compared to 23.3% in Q4. EBIT also decreased to minus 52 million euro compared to minus 34 million euro in the previous quarter. CapEx totals 48 million euro in the quarter with a continued focus on our 300 million net of business. At the same time, cash payments for CapEx significantly exceeded this level. Complicately, the net cash flow remained negative at minus 89 million euro and net debt increased to 936 million euro compared to 837 million euro at year end 2025. Claudia will now provide a more detailed overview of the financials.