Zalando Se Ord

Good morning. Welcome to Zalando's annual press conference and business update. My name is Simon Thiel and I'm heading corporate affairs. I wanted to say thank you for joining us today. We will be presenting our full year results 2025 and sharing our plans for the future. And we're delighted to have so many of you joining our broadcast today.

Good morning, also from my side. My name is Patrick Kofler and I'm heading the investor relations department. We've gathered the press, investors and analysts for today's event. It's a pleasure to have you all here.

We will start our conference with a pre-recorded presentation by our co-CEOs Robert Gantz and David Schröder. They will walk you through our progress as we're successfully executing our strategy. At 9.45 a.m. CET, following the presentation, we will open the virtual floor to a live Q&A session for our journalists with our co-CEOs Robert and David and our new CFO Anna Dimitrova.