Gea Group Ag Ord (GEAGF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.041 Thank you very much and good afternoon, ladies and gentlemen, and thank you all 00:00:05.041 -- 00:00:11.253 for joining us today for our first quarter 2026 earnings conference call. 00:00:11.253 -- 00:00:16.323 With me on the call are Stefan Klebert, our CEO, and Alexander Kocherscheidt, our 00:00:16.323 -- 00:00:17.885 CFO. 00:00:17.885 -- 00:00:23.613 Stefan will begin today's call with the highlights of the first quarter, and Alexander 00:00:23.613 -- 00:00:28.680 will then cover the business and financial review before Stefan takes over again 00:00:28.680 -- 00:00:31.762 for the Outlook 2026. 00:00:32.105 -- 00:00:38.152 Afterwards, we will open the call up for the Q&A session. 00:00:38.152 -- 00:00:43.162 Please be aware of the cautionary language that is included in our safe harbor 00:00:43.162 -- 00:00:47.851 statement as in the material that we have distributed today. 00:00:47.851 -- 00:00:51.579 And with that, I hand over to Stefan. 00:00:51.579 -- 00:00:54.004 Thank you very much, Oliver, and a good afternoon, everybody. 00:00:54.004 -- 00:00:58.587 It's my pleasure to welcome you again to our conference call today. 00:00:58.587 -- 00:01:03.654 Please keep in mind that we operate under our new organizational structure 00:01:03.654 -- 00:01:08.822 from 1st of January 26th and hence will report our first quarter 00:01:08.822 -- 00:01:13.910 26 results in our new divisional setup. Pure flow processing, 00:01:13.910 -- 00:01:19.878 nutrition plant engineering, pharma and food applications and farm technologies. 00:01:19.878 -- 00:01:23.804 The new organization reduces complexity and reduces costs. 00:01:23.804 -- 00:01:29.310 We have already seen first benefits. from it in the first quarter and for the entire 00:01:29.310 --...