Piaggio & C. SpA (PGGCY) Q1 2026 Earnings Call

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WEBVTT 00:00:00.318 -- 00:00:04.224 Good afternoon, this is the Coruscall Conference Operator. 00:00:04.224 -- 00:00:09.412 Welcome and thank you for joining the Piaggio First Quarter 2026 Financial Results 00:00:09.412 -- 00:00:15.021 Conference Call. As a reminder, all participants are in listen-only mode. 00:00:15.021 -- 00:00:19.147 After the presentation, there will be an opportunity to ask questions. 00:00:19.147 -- 00:00:24.376 Should anyone need assistance during the conference call, they may signal an operator 00:00:24.376 -- 00:00:28.027 by pressing star and zero on their telephone. 00:00:28.027 -- 00:00:31.652 At this time, I would like to turn the conference over to Mr. 00:00:31.652 -- 00:00:35.176 Raffaele Lupotto, Investor Relations of Piaggio. 00:00:35.176 -- 00:00:37.677 Please go ahead. 00:00:37.820 -- 00:00:42.626 Thank you very much. Hello, everyone, and welcome to Piaggio Group's first quarter of 00:00:42.626 -- 00:00:46.832 2026 Financial Results Conference Call. 00:00:46.832 -- 00:00:52.519 The conference call today will be hosted by Alessandra Simonotto, Piaggio Group CFO, 00:00:52.519 -- 00:00:54.655 and myself. 00:00:54.655 -- 00:00:59.662 The slides supported in today's presentation are available on Piaggio Group website. 00:00:59.662 -- 00:01:04.809 Before we begin, I would like to remind you that during today's conference call, we may 00:01:04.809 -- 00:01:10.017 use forward-looking statements based on Piaggio's current expectations 00:01:10.017 -- 00:01:13.919 and projections about future events. 00:01:13.942 -- 00:01:19.390 By their nature, these statements are subject to risks, uncertainties, 00:01:19.390 -- 00:01:22.364 and other factors that could cause after-results. 00:01:22.364 -- 00:01:27.669 to differ materially from those expres...