Addiko Bank AG (ADBKF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the ADECO Results Q1 2026 conference call. I'm Moritz, the chorus call operator. I would like to remind you that all participants will be in a listen-only mode and the conference has been recorded. The presentation will be followed by a question and answer session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and 0. The conference must not be recorded for publication or broadcast. At this time, it's our pleasure to hand over to Herbert. Please go ahead, sir. Good afternoon. It is . So maybe you can adjust it. There is no other line currently open. So when I'm talking, when you're talking, I have an investment. I'm sorry, ladies and gentlemen, we seem to have some technical difficulties. Please hold the line while we solve the issue. Thank you. Thank you. Ladies and gentlemen, we will now resume the conference. Please go ahead. Good afternoon, ladies and gentlemen. Very welcome to the presentation of the first quarter results 2026 of AdicoBank on behalf of my colleagues Ganesh, Sade, Edgar and Stefan. We have prepared the following agenda for you. I will start with the highlights of the first quarter and then hand over to Ganesh, who will update you on the development on the business side. Afterwards, Edgar will provide you with more insight on our financial performance and today will inform you about the situation in the risk area. At the end, I will do a short wrap-up and comment on our outlook for 2026 before we move on to Q&A. Let me start with the earnings and asset quality. In the first quarter of 2026, we achieved a net profit of 10.1 million euros. This is around 30% below the strong Q1 result due to several one-time effects and environment-relat...