Philip Reicherstorfer
Director of Group Treasury

Welcome to our first AUTO1 Group Capital Markets event. We will start as always with the presentation and then have the opportunity for a question-and-answer session. The presentation today should take about an hour, and we have scheduled a similar time for Q&A. So hopefully, we will be wrapping up in about 2 hours from now. [Operator Instructions].

Before I hand over, I must make you aware of the safe harbor provisions at the beginning of this presentation. These will apply to any forward-looking statements made by management during this call today. Today, Christian Bertermann, our Co-Founder and CEO of AUTO1 Group; and Christian Wallentin, our CFO, will provide you with a deep understanding of our Retail and Merchant segments. It has been 5 years since the IPO, and our business has changed materially. We think now is the right moment to lay out historic financial segments and long-term targets for both our Merchant and Retail businesses, and we're excited that you're joining us today. With that, over to you, Christian.

Christian Bertermann
Co-Founder, CEO & Chairman of the Management Board

Hi, everyone. Thank you, Philip. Welcome to this event, AUTO1 Group is Europe's leading vertically integrated digital automotive platform for buying, selling, and financing used cars. Together with Hakan Koc, we