Salzgitter Ag Akt Shs (SZGPF) Q1 2026 Earnings Call

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WEBVTT 00:00:01.263 -- 00:00:08.153 Ladies and gentlemen, and welcome to the content call of the Q1 results 2026 00:00:08.153 -- 00:00:13.602 of the Zeiss Gitter AG. At this time, all participants are being placed on a listen-only 00:00:13.602 -- 00:00:18.048 mode. The floor will be open for questions following the presentation. 00:00:18.048 -- 00:00:23.196 Let me now turn the floor over to Birgit Potrafki, CFO, and Markus Heidler, 00:00:23.196 -- 00:00:26.098 Head of Investor Relations. 00:00:28.003 -- 00:00:33.068 Thank you very much. And a good morning, ladies and gentlemen, and a warm welcome 00:00:33.068 -- 00:00:36.491 from me here in Salzburg. 00:00:37.695 -- 00:00:43.163 I'm happy to announce that with 280 million adjusted 00:00:43.163 -- 00:00:46.929 EBTA, we have made a promising start to 2026. 00:00:46.929 -- 00:00:52.216 And I can tell you that after two challenging years, that feels 00:00:52.216 -- 00:00:54.617 really good. 00:00:54.680 -- 00:00:59.702 As announced on April 21st, Our first quarter performance was boosted by 00:00:59.702 -- 00:01:05.150 an exceptionally strong contribution from our stake in Arubis. 00:01:05.150 -- 00:01:10.435 This was driven by the high prices commanded for precious metals. 00:01:11.961 -- 00:01:17.108 It's important to stress though that all our core business units also contributed 00:01:17.108 -- 00:01:22.116 to the earnings improvement versus a year earlier. 00:01:22.116 -- 00:01:25.618 This is obviously very pleasing. 00:01:26.363 -- 00:01:32.011 Our P28 performance program has been a key contributor to this business-wide 00:01:32.011 -- 00:01:34.011 turnaround. 00:01:34.094 -- 00:01:39.200 An additional 43 million euros in efficiency gains were realized already in the 00:01:39.200 -- 00:01:41.581 first quarter. 00:0...