Marco Fuchs
CEO & Chairman of Management Board

Good morning from Bremen to OHB's Q1 earnings call. We are presenting here the results of the first 3 months of 2026. With me here is Tim Tecklenburg and online is also Markus Moeller. And I hope you have been able to download the materials we had published this morning on our website. I'll walk you through quickly through the slides what has happened, and then Tim will take over with the numbers.

We had a very good first quarter. And I'll just recap quickly a summary of who OHB is. We're a European champion in the space market in Europe. We're the biggest pure-play space prime, obviously, with a very strong German heritage. Currently, the markets are developing very well, strong market tailwinds from all kinds of institutional and commercial customers. So we see ourselves as a company that with its strong track record, outstanding technology, strong customer relationship is on a very good way and on a very good trajectory to grow the business successfully.

And when I say growing the business, we are increasing our footprint. Tim will show later a slide of the ongoing expansions that we are currently doing. And this will also be shown in the numbers that we have over the last years, but also especially now in this first quarter.

Our activity in the 3 domains very briefly hasn't changed in the last quarter. Space Systems is our satellite and system development part where in the past, we have developed big satellite