Ströer SE & Co. KGaA (SOTDF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.595 Thank you. Thank you. Thank you. 00:01:29.738 -- 00:01:35.766 Ladies and gentlemen, welcome to the Struer Q1 Figures 2026 conference call. 00:01:35.766 -- 00:01:38.850 I am Sandra, the course call operator. 00:01:38.850 -- 00:01:42.114 I would like to remind you that all participants have been listed in only mode and the 00:01:42.114 -- 00:01:44.537 conference has been recorded. 00:01:44.537 -- 00:01:47.761 The presentation will be followed by a Q&A session. 00:01:47.761 -- 00:01:53.348 You can register for questions at any time by pressing star and 1 on your telephone. 00:01:53.348 -- 00:01:56.907 For operator assistance, please press star and 0. 00:01:56.907 -- 00:02:01.012 The conference must not be recorded for publication or broadcast. 00:02:01.012 -- 00:02:04.677 At this time, it is my pleasure to hand over to Udo Müller, CEO. 00:02:04.677 -- 00:02:07.180 Please go ahead, sir. 00:02:07.180 -- 00:02:12.226 Yes, thank you, Sandra. Dear investors, dear analysts, welcome to today's Q1 00:02:12.226 -- 00:02:14.629 2026 earnings 00:02:14.629 -- 00:02:19.215 call. Let us dive straight into the numbers and details. 00:02:19.215 -- 00:02:24.659 On the top line, revenues in Q1 amounted to €495.6 million 00:02:24.920 -- 00:02:30.427 representing an organic growth of 1.1% compared to 475.5 million 00:02:30.427 -- 00:02:33.108 euros in Q1 2025. 00:02:33.571 -- 00:02:38.677 On a reported basis, revenue grew by 4%. Moving down the P&L, adjusted 00:02:38.677 -- 00:02:43.884 EBITDA reached 119.3 million euros compared to 117.4 00:02:43.884 -- 00:02:46.527 million euros last year. 00:02:46.527 -- 00:02:51.694 This represents a stable year-on-year development with EBITDA adjusted remaining 00:02:51.694 -- 00:02:54.923 essentially flat at a high...