SMA Solar Technology AG (SMTGF) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.472 Thank you, operator, and welcome, everyone. 00:00:03.472 -- 00:00:08.173 We very much appreciate that you are taking the time for this investor and analyst call 00:00:08.173 -- 00:00:12.374 on our first quarter 2026 results. 00:00:12.374 -- 00:00:18.016 This conference call is scheduled for up to 60 minutes and will be recorded. 00:00:18.016 -- 00:00:22.877 After the management presentation, I will be happy to answer your questions. 00:00:22.877 -- 00:00:28.346 Today's presentation is available on our investor relations website The replay 00:00:28.346 -- 00:00:33.447 will also be available on the IR website shortly. 00:00:33.669 -- 00:00:39.392 Our agenda for today. First, I will review our Q1 figures. 00:00:39.392 -- 00:00:45.396 Then, we will take a look at a number of external factors currently affecting our business, 00:00:45.396 -- 00:00:50.139 one of our latest highlight projects, as well as our current order backlog and outlook 00:00:50.139 -- 00:00:53.661 for the 2026 financial year. 00:00:53.661 -- 00:00:58.228 I expect the presentation part to last about 30 minutes. 00:00:58.228 -- 00:01:01.750 I refer to our disclaimer on page 2. 00:01:01.750 -- 00:01:07.531 So let's move to page 4, financial highlights for the first quarter 2026. 00:01:08.012 -- 00:01:13.094 Group sales with 341 million euros were 4% above last 00:01:13.094 -- 00:01:18.257 year's quarter. In the large scale and project solutions division, sales 00:01:18.257 -- 00:01:21.158 were stable compared to the previous year. 00:01:21.158 -- 00:01:26.899 The home and business solutions division increased sales by 27%. 00:01:28.027 -- 00:01:33.971 Reported Group EBITDA increased to €26 million after €25 million 00:01:33.971 -- 00:01:35.872 in Q125. 00:01:35.872 -- ...