Csg N V Shs (CSGNF) Q2 2026 Earnings Call

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WEBVTT 00:00:00.051 -- 00:00:05.313 Welcome to the CSG's half-year 2026 earnings presentation. 00:00:05.313 -- 00:00:10.695 Today's presenters are Michal Sternak, CEO and Chairman of the Board, 00:00:10.695 -- 00:00:15.696 and Zdeněk Jurák, CFO. Michal will begin with an update 00:00:15.696 -- 00:00:20.418 on the group's strategy delivery and the first half financial highlights. 00:00:20.418 -- 00:00:24.499 Zdeněk will then walk through the performance in more detail. 00:00:24.499 -- 00:00:30.039 Q&A will follow the prepared remarks. Please take a moment to familiarize 00:00:30.039 -- 00:00:35.403 yourself with the disclaimer information at the start of the presentation deck. 00:00:35.403 -- 00:00:39.324 I'll now hand over to Michal Sternat. 00:00:40.266 -- 00:00:45.749 Good morning to all of you and thank you for your interest. 00:00:45.749 -- 00:00:47.970 The first half 00:00:47.970 -- 00:00:53.354 was a period of delivery against the commitments 00:00:53.354 -- 00:00:59.358 we set out. We achieved a strong financial performance across the group. 00:00:59.358 -- 00:01:04.439 Before we crumb numbers, I want to highlight the strategic 00:01:04.439 -- 00:01:07.439 progress behind that performance. 00:01:07.439 -- 00:01:11.160 Let me start with land systems, 00:01:11.160 -- 00:01:16.901 which doubled revenue year on year. Systems now represent 00:01:16.901 -- 00:01:20.202 46% of our order backlog. 00:01:21.195 -- 00:01:26.238 We are scaling this business exactly as planned. 00:01:26.238 -- 00:01:31.602 That is changing the shape of the group. The share of revenue 00:01:31.602 -- 00:01:35.545 from Ukraine is down from 27% 00:01:35.545 -- 00:01:39.067 at year end to 17%. Europe 00:01:39.067 -- 00:01:44.171 excluding Ukraine is now more than half of our business. 00:01:44...