Jan Keppeler
Head of Investor Relations, Sustainability & Corporate Communications

Welcome, everyone, to our full year 2025 financial results conference call. With me today are Marcus Wolfinger, CEO of STRATEC; as well as our CFO, Tanja Bucherl.

As usual, following the presentation, both will be happy to answer your questions during our question-and-answer session. Be aware that this conference is being webcast live, and you can download the presentation either from the webcast or from our website. Finally, please allow me to draw your attention to our safe harbor statement, which we have on Page 2 of that presentation. And with this, it's now my pleasure to hand over to Marcus.

Marcus Wolfinger
Chairman of Board of Management & CEO

Yes. Thank you, Jan. As Jan mentioned, we would like to give you an overview of our actual events in 2025, followed by the financial review and certainly the interesting outlook over this year, 2026, but certainly looking a little bit further downstream about our funnel and pipeline and everything else we believe will drive the company's growth in the next couple of years. And after that, we would love to answer your questions.

2025 was certainly impacted by geopolitics and uncertainties in the global markets, creating challenges not exclusively in those reported fields like supply chain and sales, but also in like decision-making processes worldwide, particularly within our customers' development funnel and so on, et cetera. As a result, we have to perceive it as an