Ceconomy Ag Ord (MTAGF) Q4 2025 Earnings Call

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WEBVTT 00:00:01.212 -- 00:00:05.919 Welcome to the Seconomy MediaMarkt full year results webcast. 00:00:05.919 -- 00:00:11.527 We are live from our headquarters in Dusseldorf in an hybrid setup with participants 00:00:11.527 -- 00:00:16.174 both on-site and online. I'm joined by our CEO, Dr. 00:00:16.174 -- 00:00:20.500 Kai-Ulrich Deissner, and our CFO, Remco Reinders. 00:00:20.500 -- 00:00:25.563 They will present the highlight of the year followed by a Q&A session. 00:00:25.563 -- 00:00:30.687 Today, we meet in a new setup, one joint call for both 00:00:30.687 -- 00:00:36.252 press and analysts. We are pleased to welcome journalists online from our 11 00:00:36.252 -- 00:00:37.773 countries. 00:00:37.773 -- 00:00:42.117 The presentation will be held in English with live translation. 00:00:42.117 -- 00:00:45.520 You can switch the language in the live stream. 00:00:45.520 -- 00:00:50.644 Before we begin, please note that today's discussions will include forward-looking 00:00:50.644 -- 00:00:55.465 statements. For more information, please refer to our disclaimer. 00:00:55.465 -- 00:00:59.390 The full presentation is available on our website. 00:00:59.390 -- 00:01:02.073 With that, I'm delighted to hand over to Dr. 00:01:02.073 -- 00:01:06.996 Deissner, who will guide you through the highlights of the year. 00:01:12.104 -- 00:01:14.767 Thank you, Fabienne. Good morning, everyone. 00:01:14.767 -- 00:01:19.553 Thank you for joining us here today. I'm really happy to have you here with us today. 00:01:19.553 -- 00:01:24.988 Now, whether you're joining us here at our economy headquarter in Düsseldorf, all 00:01:24.988 -- 00:01:29.993 participating virtually, as Fabienne said, from 11 countries of our 00:01:29.993 -- 00:01:31.635 footprint. 00:01:31.635 -- 00:01:36.640 Toda...