Operator

Thank you for standing by, ladies and gentlemen, and welcome to Coca-Cola HBC's first conference call for the 2026 first quarter trading update. We have with us Zoran Bogdanovic, Chief Executive Officer; Anastasis Stamoulis, Chief Financial Officer; and Jemima Benstead, Head of Investor Relations. [Operator Instructions] I must also advise that this conference is being recorded today, Thursday, May 7, 2026.

I will now pass the floor to one of your speakers, Jemima Benstead, Head of Investor Relations. Please go ahead.

Jemima Benstead
Head of Investor Relations

Good morning, everyone. Thank you for joining the call. I'm here with our CEO, Zoran Bogdanovic; and our CFO, Anastasis Stamoulis. We'll start with some opening remarks from Zoran, and then, open the floor to your questions. Please keep to one question and a follow-up, waiting for us to answer the first question before moving to your follow-up. We have about an hour for the call today, which should give plenty of time for a good discussion.

Finally, I must remind you that this conference call contains various forward-looking statements. These should be considered in conjunction with the cautionary statements in our trading update this