Operator

Ladies and gentlemen, welcome to the Clariant First Quarter Figures 2026 Conference Call and Live Webcast. I am Valentina, the Chorus Call operator. [Operator Instructions]. The conference is being recorded. [Operator Instructions] The conference must not be recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Andreas Schwarzwaelder, Head of Investor Relations. Please go ahead, sir.

Andreas Schwarzwaelder
Head of Investor Relations

Thank you, Valentina. And ladies and gentlemen, good afternoon. I'm Andreas Schwarzwaelder, it's my pleasure to welcome you to our Q1 conference call. Joining me today are Conrad Keijzer, Clariant CEO; and Oliver Rittgen, Clarion's CFO. Conrad will start today's call by providing a summary of the first quarter development and the Middle East situation, followed by Oliver, who will guide us through the business unit's results. Conrad will then conclude with the outlook for the full year 2026. There will be a Q&A session following our presentation.

At this time, all participants are in listen-only mode. I would like to remind all participants that the presentation includes forward-looking statements, which are subject to risks and uncertainties. Listeners and readers are, therefore, encouraged to refer to the disclaimer on Slide 2 of today's presentation. As a reminder, this conference call is being recorded, a replay and transcript of this call will be