Volkswagen Ag Unsp/Adr

Good morning, ladies and gentlemen, and welcome to the Volkswagen AG Investor Analyst and Media Call of Q1 2025 conference call. I am Yousef, the course call operator. I would like to remind you that all participants will be in listen-only mode and that this conference is being recorded. After the presentation, a Q&A session will follow. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and 0. This conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Pietro Zolino, Head of Corporate Communications. Please go ahead.

Good morning, everyone, and a warm welcome to the first quarter 2025 results call of Volkswagen Group. This is a joint call for both the media and as well as investors and analysts, moderated by Rolf Voller, our Head of Treasury, IRR, and myself, Pietro Zolino, Head of Corporate Communication. With us today is, as usual, Arno Antlitz, our CFO and COO. Welcome, Arno. You should have received the press release, the interim financial report and all other related materials which were published this morning. If you do not have them, you can find all the documents on our group website. In case of any issue, give us a call or drop us an email and we will send them straight to you. The contacts are also on our website. Now let me hand over to Rolf who will give you a brief run through of the call.

Thank you, Pietro, and very good morning to everyone on the call. I hope the weather on your side is as sunny as it is here today in Wolfsburg. Thanks for joining us today. Let's have a look at the agenda. Arno will first present the key highlights of the first quarter, and after that, we will take a closer look at the financial results and the full year outlook for 2025. Following his presentation, we will host a Q&A session for the investor and analyst community which is moderated by myself. And after the session, we will have a short break before we continue with the media Q&A, which will then be hosted by Pietro. Since today's call includes forward-looking statements, as always, the self-harbor language and other cautionary statements on the slide will govern today's presentation. Please read it yourself because I will not read it to you. And with that, I hand it over to Arno. Arno, go ahead, please.