Okay, let's try again. Apologies for the delay. We'll kick off immediately in the segment of Marc. We'll give you some highlights, also the operational review, financial review, and then also carry on with the outlook. Let me give the floor to Marc. Marc Zwaaneveld, our Co-CEO. Marc, the floor is yours. Thank you, Dennis. Apologies for the technical issues on our side. I will give the third attempt to start telling the story to you. First of all, I want to emphasize on the strong results we have in volume growth, and that we were able to compensate the inflation, actually in both of our segments, in Fresh and the Long Fresh. Long Fresh is frozen and prepared, so the current products. And we increased that by merely like for like, 11%. If you look at EBITDA level, we increased by about 12%, and that was mainly also thanks to strong processing in Long Fresh and further also process efficiencies. Within Fresh, we had a new integrated customer relationship with an important client. This is what you – if you follow us, this is one of our strengths is our model of further partnerships, and it you see that the industry is really tempting and tending to more cooperation in the chain. We also expect another new ICR in the course of this fiscal year, and we are working even on a third one. So there is momentum in the industry for this different way of working. The good news also is that we have further increased our leverage ratio, well, improved it, increases from 2.7 to 2.4, and that is a further reduction of our debt. You have to take that into consideration, that we also needed a few tens of millions in order to pay for the higher price of our stock in Long Fresh. Because of inflation, the stock built up during the summer, was, of course, against the higher price, and that also resulted in more working capital needed for that. Despite that, we were able, as I told you, of improving our net financial debt. Looking more into Fresh and Long Fresh, what I said to you, our ICR revenues are now going up from 74% to 78%, so a very substantial amount is secured with long-term and in intimate working with certain clients. We have 2.4 higher volumes, and we had almost 8% higher prices. More particular, we had good efficiencies in Poland, but we also had faced some more startup costs for the new ICR in Germany, and we had a little bit negative season for citrus in America, but we see that as one-offs. On Long Fresh, volumes were a little bit down, but not that much. And also you have to bear in mind that sometimes our clients are a little bit shifting those volumes over the quarters. Prices, we went up, but that was also necessary because of high inflation, for example, for packaging glass and other packaging. And of course also we had to compensate our growers for higher prices on their side. On Long Fresh, we also benefited from full assortment. You have to bear in mind that we, of course, are delivering not only fresh products, but also frozen and, for example, canned products. And if you see that, for example, if there is a little bit less demand in fresh, then we compensate that, for example, in frozen and vice versa. The other good benefit of the H1 year is that we benefited from higher crop yields, especially in the frozen area, and that also meant to higher cost absorption as we could benefit from that. And last but not least, we are doing investments in convenience products, as that is a relatively high margin area. From sustainability point of view, all sustainability targets are in reach, and we are monitored for that. You can find a lot of information about our sustainability in our annual report, and I invite you to read through if you are interested. Of course, we are strictly monitoring on all entities to reach all the sustainability levels as we are monitoring for. Last year's audit also proved that we are quite advanced in, compared to, let's say, some peers in our industry. Before I hand over to Nicolas, our new CFO, I also want to tell you a little bit about what is happening in society and in our industry, and it's very interesting to speak out. You all know, if you follow all the news, there are some big topics in the world. And there's, of course, climate, there is, health and, and, and the cost for healthcare, and third, very important, is the ability for people to have a decent life and to have to be able to pay their bills. And actually, Greenyard with its pure plant products, are in the heart to really have a part of the solution to these topics. Of course, we cannot do it alone, there must be done a lot more. But if you think about our products and the need to eat more fresh and fruit and vegetables, but also what I said, the frozen and the canned products, you see that by doing that, you automatically can save on climate issues. I'll give you one example. If you look to, for example, nutrition value, or for example, meat, compared to certain of our products, like avocados, like beans, you see that the nutrition value is more or less comparable, and not many people know that. But if you look at the price in shops, you see that our products are far cheaper. So if the end consumer needs to save money, there is a logical shift to partially to our products. And I think that more and more, the society, end consumers, retailers are understanding this, and we need to further educate the people that they can save their money, and they can also save also for planet pollution by shifting from processed foods, from meat, et cetera, to more a pure plant diet. And that is also, of course, important if you look not only for the planet and for the cost for the end consumer, but also for the healthcare. Eating more pure plants will also be preventive for health costs. So we have an answer. The good news is that, of course, we already talked long about this, and everybody understand that, I think. But you see now more and more that in the society, it is recognized. You see at politics that we are talking about, for example, going VAT to 0%. We are talking about maybe a penalty on sugar, those type of things. We are advising to eat more. You see also new generations wanting to have a healthier diet. I believe that if we talk with our clients, if we talk in the industry, you see, an acceleration of retailers understanding that this is something they have to offer more and more. You can do that with the current products, but you can also do that with innovative new products. For example, we are really investing now and scaling up our innovation because we believe that we also have to make it easy, convenient for people to eat the healthy food, but also it, of course, has to be tasty. It should be attractive to do that during the day, for example, healthy snacks, et cetera. This year we launched a new ice, which is called Gigi, and that is a pure plant ice, and that is very tasty. It is made by vegetables and fruit. It is without any extension, and it is also seen by quite some retailers to pick it up for the next season. We already introduced it halfway this season, and it was positively accepted in the Marcet. And we are also innovating other products. For instead of a burger, a meat burger, we are working on a celery burger, we're working on a beet burger, but in a high quality level, that people really like it. That they are... It's not something you have to do it, no, you like to do it. And that is what we are accelerating in, and I think by doing that, we can really pick up when the Marcet is changing. And we believe that in the next 2-3 years, there will be a momentum change coming up. And, and I think that is very, very good potential also, of course, for our company in the heart of this change. So that is a bit, let's say, my introduction, and what we see in the Marcet. Nicolas, please take the floor for the financial part. Thank you, Marc. Nice to meet you all through this medium as well. Glad to be here as in my first earnings call as CFO of Greenyard. The revenue increased with more than 11%, thanks to the combination of volume and price. The volume component was 1.7%, and the price component was 9.6%. Volume was, and that we will see on the next slide, volume was only in the Fresh segment. In the long Fresh segment, it was purely price. When we see how this revenue evolution translates into EBITDA, we see a sharper increase or a higher increase in EBITDA than on the revenue of more than 12%. Taking into account that last year we had a one-time recuperation of water fees of EUR 3.4 million and the EUR 80 million EBITDA last year, the actual increase of the result was more than 17%. Nevertheless, this translates to the same net profit as last year, EUR 7 million, due to higher depreciations and higher interest. Depreciations mainly due to half of it increased investments. We see that we continue to invest in the company, 52% in maiNtenance and repair, 47% in new investments, for example, new citrus lines and mango lines and et cetera, are invested in to facilitate our customers. Interest increased from EUR 14 million to EUR 26 million. EUR 5.8 million of the EUR 26 million is IFRS 16 interests linked to the right- of- use assets, but EUR 22 million are cash interests on factoring and on the financial costs of the company. On average, we had a 4.3%, interest rate on our debt, but we do see that due to the increase of the EURIBOR at the, as from September last year, where in the H1 year, last year, we had easy or difficult comparables, is the way you describe it. It was EURIBOR was lower than 1% in the first six months of last year, and between 2% to closer to 3% even in the first six months of our, accounting year, 2023-2024. And currently, EURIBOR is even closer to 6%. Combination of less of the EBITDA and the decrease of the net financial debt from EUR 328 million to EUR 360 million led to an important decrease of the leverage ratio of 2.7, same period last year to 2.4. As you will probably know, our peak debt levels in our company are in Q4 of the calendar year or the third quarter of our accounting year. End of October, beginning of November is mostly the peak debt level. So our 30 September reporting is quite high on debt. If you look at the segments, you will see, I said that, the sales increased in the Fresh segment with 10%, 2.4% on the volume side, also thanks to more ICR customers. As already mentioned, we grew the ICR business from 74%-78% in the Fresh segment, and 7.6% coming from higher prices. Despite some significant price pressure, especially in the German Marcet and in some other European Marcets. The adjusted EBITDA increased it by EUR 2.7 million, thanks to the result of Fresh Poland, inflation and interest compensation measures with several ICRs. This allowed us to keep the margin in Fresh, relatively stable. In Long Fresh, where we have, of course, the prepared and the frozen segments, the net sales increased by almost 17%. Small decrease in volume of 1.7%, but strong inflation mitigation measures. Especially in the Long Fresh segment, we saw an important increase of the EBITDA, thanks to the very good crop year and a very strong peak season in the U.K. The H1 of the first months of the year started difficult, given the drought, but during summer we had ideal weather with combination of sun and rain, which resulted in a very strong peak season. That we saw as well in the month of October still, but in the month of November, we will have some negative impact, as well in frozen, as well in prepared, of the continuous rain and the land that's underwater in the north of France and the West Flanders, but also in the Limburg and the North Holland area, we see some impact on, for example, potato harvests of the weather conditions, but nothing that will affect our outlook. When we look to the detailed, P&L and the net result evolution, you see that the gross margin increased by 10 basis points compared to last year, due to the already mentioned higher crop yields and efficiencies in Long Fresh. Overhead increase of 10%, but that's mainly due to the fact that last year we had a EUR 3.4 million contribution. That's in the overhead line, so without the EUR 3.4 million contribution in H1 last year, we only had a 6% increase in overhead, and that's completely linked to the double-digit inflation figures. EBITDA margin slightly increased to 3.6%, and the non-recurring items is again on assets sold in Brazil and UK. Assets, higher CapEx level resulted in a higher depreciation, half of it right-of-use assets, IFRS 16 depreciation, 1/2 of it more investment in the current business, and we already elaborated on the interest costs. Income taxes is a combination of actual cash taxes and deferred tax assets, resulted in a 25% effective tax rate and leading to the net result of EUR 7 million. If you look to the bridge of the net financial debt year-over-year, so not compared to 31 March, but compared to same period last year, you see a decrease of EUR 12 million of 328 to 360. Important here to mention, we did not mention that yet when discussing the net financial debt and the leverage, is that again, in the Long Fresh segment, inventory levels increased with EUR 44 million. So the good accounts receivable, accounts payable, management of our working capital was for EUR 44 million, compensated or negatively compensated by increased inventory levels. Meaning that in a steady state business, the cash flow conversion of our EBITDA to, free cash flow should increase without having that big impact on inventory levels, due to inflation and increased business. We kept on investing, so you see the EUR 66 million, CapEx, of which close to EUR 30 million was in this accounting year. On the next slide, you will see the, evolution of the leverage ratio. So we are, which is important for the financial cost of the company, again, below 2.5. Talking about close to peak debt levels, which is a very good result compared to the 2.3 that we had last accounting year, which prevents us to further increase our interests in the second half of our accounting year. With the 2.4 pre-IFRS leverage, we have a very good result compared to last year, as mentioned. We utilize, of course, our cash for further investments. I said 52% is invested in maintenance, 48% to further growth of the business and expansion. Leverage at 2.4, and in the month of October, we paid a EUR 0.10 dividend to our shareholders. A long time ago, that we paid dividends during the crisis, and it before the COVID crisis, even that we have dividend paid out. So very small dividend. No, if there are questions about that, no dividend, future dividend policy is yet decided upon, so this is not yet an announcement of future dividend payments, more that we say that we are stopping dividends, so not yet officially decided upon. We also confirm that we said also in the press release, that we remain interested in this company in the further consolidation of the Marcet. And Marc already announced that we are looking to further increase our ICR business. We did the acquisition of Gigi, which was a small one, but an important one in our vision, given the fact that we are focused on that pure plant experience, and but also, given the difficulties in the Marcet, we see room for further consolidation. That was my part, Marc. If you want to say something about the outlook, still. Yeah, the only thing, thank you, Nicolas, is for the outlook. It is unchanged compared to previous announcements. So we keep our guidance, as we have said on the short and the midterm. So that ends our introduction, and Dennis, it's time and open for any questions people might have. Yes, thank you, Marc. Thank you, Nicolas. I would like to invite you to put your questions in the chat. We will then read them out loud and respond as we go. There are no questions. There are no questions. So far, no questions. We'll give it one more minute, and then we go. The question that we received: In which countries is the new cream or ice cream already on the Marcet today? Is Germany already there, or will it enter the Marcet there? Now, as said, we only introduced it halfway through the season, and we introduced it mainly in Belgium, but we are discussing it in several European countries. So no further announcement yet. We are in discussions with several retailers which have indicated they are interested, so more news coming in due time. So far, that's the only question. Unless we see other questions, I would like to thank Marc and Nicolas, and of course, if there would be any follow-up questions, you can always reach us through the IR channel of Greenyard, and we'd be happy to continue the conversation. Thank you so much, and speak to you. Thank you. Goodbye.
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