Mercedes Benz Group Ag (MBGAF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Q&A session. At a customer's request, this conference will be recorded. The replay of the conference will also be available as an on-demand video webcast in the investor relations section of the Mercedes-Benz website. If you have difficulties during the conference, please press zero and the pound key on your telephone keypad for operator assistance. I would like to remind you that this conference is governed by the safe harbor wording that you will find in our published results documents. Please note that our presentations contain forward-looking statements that reflect management's current views with respect to future events. such statements are subject to many risks and uncertainties if the assumptions underlying any of these statements prove incorrect then actual results may be materially different from those expressed or implied by such statements Forward-looking statements speak only to the date on which they are made. May I now hand over to Christina Schenk, Head of Investor Relations, Digital and Communications at Mercedes-Benz, and Willem Spelten, Head of Corporate Communications at Mercedes-Benz. Thank you very much. Welcome back here in the room and welcome back online for our more interactive part now, the Q&A session. I have with me Harald, Ola, Oliver and Matthias for our Q&A. And we have roughly one hour time, which we will dedicate the first 30 minutes to the analyst and the investor questions and the last 30 minutes to journalists. And once we've wrapped up the questions from the analysts, we will change to the media Q&A. So we start with analysts, go then to the media. The media part will be held in German. We're starting in English. Second part will be in German. If you're bilingual, we kindly ask you to post your question in whatever...