Volkswagen Ag Unsp/Adr

Good morning and thank you for standing by. Welcome to the Volkswagen Group 9 Months 2026 Results Conference Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be the question and answer session. We will first take questions from the investors and analysts after a short break, followed by a separate Q&A session for members of the media. To ask a question during the session, you need to press star 11 on your telephone. You will then hear an automatic message advising your hand is raised. To withdraw a question, please press star 1 and 1 again. Please be advised that this conference is being recorded. I would now like to hand the conference over to our speaker today, Pietro Zolino, Head of Corporate Communications. Please go ahead.

Good morning, everyone, and a warm welcome to our call about the nine-month results of the Volkswagen Group. As usual, this is a joint call for both the media as well as investors and analysts. moderated by Rolf Woller, our head of Group Treasury and Investor Relations, and myself, Pietro Zolino. I'm the deputy head of Group Global Communications. With us today is also as usual Arno Antlitz, our CFO and COO. A few remarks before we start. 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 yet, you can find all documents on our website. or if you have any issues give us a call or drop us an email and we will send them straight to you. Now let me hand over to Rolf who will give you a brief run-through of the next about one and a half hours.

Thank you Pietro and good morning to everyone on the call. Let us have a look at our agenda. Arno will take you through the nine month results and the full year outlook for 2026. Following his presentation, we will first conduct a Q&A session for the investor and analyst community, which is moderated by myself. And after this session and a short break of between 5 and 10 minutes, where you will hear no music, we will continue with the media Q&A moderated by Pietro. Since our call will include forward-looking statements, the safe harbor language and other cautionary statements on the slide will govern today's presentation, As usual, I encourage you to read the disclaimer carefully, as all forward-looking statements are qualified by this language. And with that, I hand it over to Arno. Arno, please go ahead.