Operator

Ladies and gentlemen, welcome to the Wacker Chemie AG Q1 2026 Conference Call. I am Sandra, 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 is my pleasure to hand over to Joerg Hoffmann, Head of Investor Relations. Please go ahead, sir.

Jörg Hoffmann
Head of Investor Relations

Thank you, operator. Welcome to the Wacker Chemie AG conference call on our first quarter 2026 results. Dr. Christian Hartel, our CEO, and Dr. Tobias Ohler, our CFO, will walk you through the presentation. The press release, our IR presentation, and detailed financial tables are available on our web page under the Investor Relations section.

Please note that management comments during this call include forward-looking statements involving risks and uncertainties. We encourage you to review the safe harbor statement in today's presentation and look into our 2025 annual report for information on risk factors. All documents mentioned are available on our website. Chris?

Christian Hartel
CEO, President & Member of Executive Board

Good afternoon, everyone. Thank you for joining our earnings call for the first quarter of 2026. Despite the ongoing weak demand