Operator

Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the Q1 2026 Earnings Call of Puma SE. [Operator Instructions] I would now like to turn the conference over to Manuel Bosing, Director, Investor Relations. Please go ahead.

Manuel Bosing
Director of Investor Relations

Thank you very much, Maura. Hello, everyone, and welcome to the PUMA conference call for the first quarter. Joining me today are our CEO, Arthur Hoeld; and our CFO, Markus Neubrand. Before we start, please take note of the cautionary statement regarding forward-looking information. Arthur and Markus will guide you through today's presentation covering our business recap, financial update and way forward. After the presentation, we will open the floor for your questions. [Operator Instructions] With that, over to you, Arthur.

Arthur Hoeld
CEO & Chairman of Management Board

Manuel, thank you very much, and welcome and good afternoon from my side as well. Before we start to get into the business topics and the updates about Q1, I, of course, want to take a moment to also reference another announcement which we made this morning.

Markus Neubrand, our CFO, has decided with the Supervisory Board to step down from his office as of today, end of