Peter Elliott
Head of Investor Relations
Replay available
Helvetia Hldg Ag Unsp/Adr (OTC: HLVTY) Q2 2025 earnings conference call, held 2025-09-03. Replay captured from the company's public earnings webcast.

Head of Investor Relations
Group CEO
CFO
Analyst, Fontobas
Analyst, QBS
Analyst, PNB Paribas
Analyst, Odoo
Analyst, Octavian
Analyst, KBW
Ladies and gentlemen, welcome to the Helvetia Healthcare Results 2025 conference call and live webcast. I am George, the chorus call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A 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 my pleasure to hand over to Mr. Peter Elliott, Head of Investor Relations at Helvetia. Please go ahead. Thank you very much, and good afternoon, everybody, or good morning to some, and welcome to Helvetia's conference call on our 2025 half-year results. We appreciate your time on what we realize is a busy day for you. We regret any clashes, but we've tried to manage those as well as possible. We have on the call today our group CEO, Fabian Rupprecht, and our CFO, Annelies Lucia-Hemmerle. Fabian will start by going through the development of the business before Annelies then takes us through the financials in more detail. There will then be an opportunity for Q&A. So with that, let me hand over to Fabian. Thank you, Peter, and welcome everybody from my side. We're pleased to present our half-year 2025 results to you. The focus today is, of course, our standalone results. However, we remain focused on completing the merger we have announced with Paloas. This remains on track, and we're excited about a potential combined future together. We will come back to you in due course when the deal completes, and with a capital market day at the same time as our full year 2025 results to outline our new strategy and targets as a combined group. Let me now sta...