Operator

Good day, and thank you for standing by. Welcome to Prada Group Q1 2026 Revenue Update. At this time, all participants in a listen-only mode. [Operator Instructions] And please note that today's conference is being recorded.

I would now like to turn the conference over to Mr. Andrea Bonini, Group CFO. Please go ahead, sir.

Andrea Bonini
CFO & Executive Director

Good afternoon, everyone, and thank you for joining the Prada Group's First Quarter 2026 Revenue Update. With me today is our Group CEO, Andrea Guerra. And as always, we will start with the presentation and then move to Q&A.

Before we start, please be reminded that during today's call, we may discuss forward-looking statements, which are subject to risks, uncertainties and factors beyond our control, and the actual outcome and returns may differ materially from such statements.

Please refer to the disclaimers included on Slide 2 of our presentation. And with that, I will hand over to Andrea Guerra.

Andrea Guerra
CEO & Executive Director

Hello, everyone. Nice meeting you all. We met a couple of months ago. And I would say that the world is constantly giving us new surprises and we are certainly living through a prolonged challenging and unique period for our business, for the industry and