Operator

Good afternoon, ladies and gentlemen, and welcome to Knorr-Bremse's Conference Call for the Q1 2026 results. [Operator Instructions]

Let me now turn the floor over to the Head of Investor Relations, Andreas Spitzauer.

Andreas Spitzauer
Head of Investor Relations

Thank you, operator. Good afternoon as well as good morning, ladies and gentlemen. I hope all of you are very fine. My name is Andreas Spitzauer, Head of Investor Relations, and I want to welcome you to Knorr-Bremse's presentation for the first quarter results of 2026.

Today, Marc Llistosella, our CEO; and Frank Weber, our CFO, will present the results of Knorr-Bremse, followed by a Q&A session. The conference call will be recorded and is available on our homepage in the Investor Relations portion. It is now my pleasure to hand over to Marc Llistosella. Please go ahead.

Marc Llistosella Y Bischoff
CEO & Chairman of Executive Board

Thank you, Andreas. Ladies and gentlemen, warm welcome to our Capital Market call for the first quarter '26 results. We will keep it short today as it's a busy reporting day and our very good financial figures largely speak for themselves.

So let's start with the key takeaways for today on Page #2. At a time when global headlines are increasingly shaped by volatility, fragmentation and lack