Operator

Ladies and gentlemen, welcome to the Sonova AG Full Year Results 2025-2026 Conference Call and Live Webcast. I am Valentina, the Chorus Call operator. [Operator Instructions] The conference is being recorded. [Operator Instructions]

At this time, it's my pleasure to hand over to Thomas Bernhardsgrutter, Senior Director, Investor Relations. Please go ahead.

Thomas Bernhardsgruetter
Senior Director of Investor Relations

Thank you, Valentina, and welcome, everyone, to the presentation of our full year results, 2025, '26. The slides of the call are available on our website. With me in the room are Eric Bernard, CEO; and Elodie Carr, CFO of Sonova. During the call, Eric will provide you with a business update and taking you through the performance and highlights for the Sonova Group across our businesses. He will then hand over to Elodie, who will take you through the financials in more detail and present the outlook for the financial year '26, '27. We will then move to Q&A, where those of you dialing in over the phone have the opportunity to ask questions. Now before we begin, let me mention one very important thing. Growth rates cited in today's presentation refer