Operator

Ladies and gentlemen, thank you for standing by. Welcome to today's Earnings Call of Austrian Post Q1 2026 Results. I am your operator for today. [Operator Instructions] And the conference is being recorded. [Operator Instructions] We are looking forward to the presentation.

And with having said this, I hand over to the Head of Investor Relations, Harald Hagenauer.

Harald Hagenauer
Head of Investor Relations, Group Auditing & Compliance

Good afternoon, ladies and gentlemen. Welcome to this conference call of Austrian Post. Today, we would like to discuss our Q1 results. Here with me in the room is Walter Oblin, our CEO; and also our CFO, Barbara Potisk-Eibensteiner. I would like to hand over to Walter. Please go ahead, sir.

Walter Oblin
CEO, General Director & Chairman of the Management Board

Good afternoon, ladies and gentlemen. It's a pleasure to have the opportunity to present to you our Q1 results.

Let me start right away on Page 2. I think the summary is the environment continues to be quite challenging both on a macroeconomic level as well as for the postal industry Europe-wide and also in Austria. The market environment, on the one hand, provides some positive perspective as the longest recession after the Second World War is forecasted to be over. At the same time, geopolitical uncertainties and the Middle East conflict weighs on the macroeconomy and tariff measures and different regulatory proposals both on the EU level as well as on a national level have the potential