Operator

Good morning, ladies and gentlemen, and welcome to the Sandoz call today. I will now pass on to Craig Marks, Head of Investor Relations for his opening remarks.

Craig Marks
Head of Investor Relations

Thank you, and welcome to the Sandoz Q1 2026 sales update. Earlier today, we published a media release and an accompanying presentation on our website, which we'll follow on today's call. You can find these documents at sandoz.com/investors. Joining me on today's call are Richard Saynor, Chief Executive Officer; and Remco Steenbergen, Chief Financial Officer.

Please turn to Slide 2. Our sales announcement presentation and discussion include forward-looking statements. Please see our disclaimer here.

Please turn to Slide 3. Richard will begin today's presentation with the highlights of Q1, followed by an update on the business. Remco will give more detail on the net sales performance as well as guidance for 2026. Following the wrap-up of the presentation, we'll be happy to take your questions.

And with that, I will