Rwe Ag Ord S/Adr (RWEOY) Q2 2026 Earnings Call

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WEBVTT 00:00:00.151 -- 00:00:05.214 Welcome to the RWE conference call. Markus Krebber, CEO of 00:00:05.214 -- 00:00:10.437 RWE AG and Michael Muller, CFO of RWE AG, 00:00:10.437 -- 00:00:16.381 will inform you about the developments in the first half of fiscal 2026. 00:00:16.381 -- 00:00:21.182 I will now hand over to Thomas Denny. Please go ahead. 00:00:22.124 -- 00:00:24.305 Thank you, Laura, and good afternoon, everyone. 00:00:24.305 -- 00:00:29.662 Welcome to RWE's conference call on our results for the first half of 2026. 00:00:29.662 -- 00:00:32.024 Thank you for joining us today. 00:00:32.024 -- 00:00:37.189 Markus Krebber, our CEO, and Michael Muller, our CFO, will start by taking you through 00:00:37.189 -- 00:00:38.750 the presentation. 00:00:38.750 -- 00:00:41.452 After that, we'll open the call for questions. 00:00:41.452 -- 00:00:43.934 Markus, over to you. 00:00:43.934 -- 00:00:48.058 Thank you, Thomas, and a warm welcome to everyone. 00:00:48.058 -- 00:00:52.545 This year to date has been quite decisive and successful for us. 00:00:52.545 -- 00:00:56.986 I'm very happy with the continued progress we are making in strengthening our portfolio 00:00:56.986 -- 00:01:02.406 as well as in delivering our operational and financial targets. 00:01:02.407 -- 00:01:05.788 And with that, let's jump into the presentation. 00:01:05.788 -- 00:01:10.208 We have delivered an excellent financial and operational performance in the first half 00:01:10.208 -- 00:01:12.089 of 26 00:01:12.089 -- 00:01:16.089 and therefore raised our earnings expectations 00:01:16.309 -- 00:01:19.850 for the current year and for 2027. 00:01:20.453 -- 00:01:27.357 For 2031, we had already elevated our guidance when we announced the Amprion transaction. 00:01:27.899 -- 00:01:30.942 Market funda...