Operator

Good day, and thank you for standing by. Welcome to Danone's First Quarter 2026 Sales Call. [Operator Instructions] Please be advised that today's conference is being recorded.

Our speaker today will be Juergen Esser, Chief Financial Officer. And now I'd like to hand the conference over to Mathilde Rodie, Danone's Head of Investor Relations. Please go ahead.

Mathilde Rodie
Head of Investor Relations & Sustainable Finance

Good morning, everyone. Mathilde Rodie speaking, Head of Investor Relations. Thank you for being with us this morning for Danone's 2026 Q1 sales call. I'm here with our CFO, Juergen Esser, who will go through some prepared remarks before taking your questions. And before we start, I draw your attention to the disclaimer on Slide 20 of the presentation related to forward-looking statements and the definition of financial indicators that we'll refer to during the presentation.

And with that, let me hand it over to Juergen.

Juergen Esser
Chief Financial, Technology & Data Officer and Group Deputy CEO

Thank you, Mathilde, and good morning to all of you. Welcome to our Q1 2026 sales presentation. Thank you for taking the time to be with us. I suggest we go straight into it as this is a busy