Operator

Good afternoon, good morning, ladies and gentlemen, and welcome to the conference call for the publication of preliminary figures for FY 2025/'26. [Operator Instructions] Let me now turn the floor over to your host, Jurgen Otto.

Jurgen Otto
CEO & Chairman of Management Board

Good morning, ladies and gentlemen, and welcome to Heidelberg's conference call on our preliminary financial results for fiscal year 2025/'26. We would like to give you some insight on the financial performance of last fiscal year, while our strategic outlook and financial guidance will be presented to you in our press conference dated 10th of June 2026.

Fiscal year 2025/'26 was characterized by setting the right strategic direction for Heidelberg with a great amount of projects and measures which we initiated and partly already finished. We will summarize at a later stage of this presentation, but to tell it in a nutshell, we have set the right points for the mid- and long-term development of Heidelberg. Operational-wise, we are looking back at a challenging and volatile external environment with increased geopolitical tensions such as the Iran conflict. But even in these uncertain times, Heidelberg continues to make targeted forward-looking investments in new growth areas, particularly in security and defense. We are of the firm belief that this will strengthen the foundation for future profitable growth.

Despite the visible headwinds, Heidelberg demonstrated resilience, disciplined execution and continued progress on its strategic priorities. Order intake amounted to EUR 2.2 billion, which we