Operator

Good morning, everyone, and welcome to the TUI Group Full Year '26 Q2 and H1 Results Analyst and Investor Conference. My name is Seb, and I'll be the operator for your call today. [Operator Instructions]. I will now hand you over to Nicola Gehrt, Group Director of Investor Relations. Please go ahead.

Nicola Gehrt
Group Director of Investor Relations

Good morning, ladies and gentlemen. A very warm welcome to our second quarter results presentation here at the TUI campus and Hannover. My name is Nicola and I'm Group Director Investor Relations. And I'm delighted to be joined for the presentation by our CEO, Sebastian Ebel; as well as our CFO, Mathias Kiep.

We are pleased to present a strong set of half year results as well as Q2 results, highlighting the strong progress we have made on the transformation whilst absorbing the impact of the Iran war and the Jamaican hurricane.

We will also share our ambitions for the outlook of this financial year, which remains to be a challenging market environment. Following the presentation, as always, we will open the floor for Q&A.

And with that, I have the pleasure to hand over to Sebastian.

Sebastian Ebel
CEO & Chairman of Executive Board

Thank you. Nicola, I couldn't have done the summary better than you. A very warm welcome from