Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Piaggio First Quarter 2026 Financial Results Conference Call. [Operator Instructions] At this time, I would like to turn the conference over to Mr. Raffaele Lupotto, Investor Relations of Piaggio . Please go ahead.

Raffaele Lupotto
Executive VP & Head of Investor Relations

Thank you very much. Hello, everyone, and welcome to Piaggio Group First Quarter of 2026 Financial Results Conference Call. Conference call today will be hosted by Alessandra Simonotto, Piaggio Group CFO; and myself. The slides supporting today's presentation are available on Piaggio Group website. Before we begin, I would like to remind you that during today's conference call, we may use forward-looking statements based on Piaggio's current expectations and projections about future events. By their nature, these statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. These factors are discussed in the safe harbor statement on Page 2 of today's presentation. With that, I would like to turn the call over to Alessandra.

Alessandra Simonotto
Chief Financial Officer

Good afternoon to everybody, and welcome to our conference call. After what you have already read in our presentation and in our press release, I should like to point only 4 things about our results on this first quarter. The first one, volume and net sales. As you have already read the volumes of these 3 months