Hello and a warm welcome on behalf of Brigitte and myself on what was a very busy but unsatisfying quarter. We busy because we signed seven transactions. We bought three companies, exited four, which is quite a high number in terms of activity. I am very pleased also that especially two out of the three investments were acquired through bilateral transactions, not providing for necessarily much cheaper entry points, but certainly for much better due diligence and a better process and more thorough due diligence. On the new investment front, also given the backdrop of the German economy, we focus really on scalable business models and structurally growing markets. On the negative side, our existing portfolio was significantly impacted by a strong negative multiple effect. We will come to that later in the presentation. We distributed EUR 26 million to shareholders through a mix of dividends and buybacks as we also intend to do it going forward, although no new share buyback program has yet been decided. We updated our guidance on the downside on the back of a very tough first half of the year, where as of now it would not be prudent to keep holding on the existing guidance, which was deemed conservative, but unfortunately was not conservative enough. What does that mean in numbers? We distributed, as I said, EUR 26 million as dividends and buybacks. On the next slide, you see that's roughly EUR 1.5 per share. Given combined with the decline in multiples, our NAV per share has come down from EUR 36 to EUR 33.65. On the NAV, our NAV stood at EUR 580 million. The only bright side is that we have continued to increase our assets under management on the back of the Solvares Continuation Fund. Our assets under management have increased to EUR 2.9 billion, small number. You don't see it yet in the EBITA in EBITA Fund Investment Services because also here first half was hampered by the placement fees and set up fees for the Solvares Continuation Fund. This effect will not be recurring in the second half of the quarter. That's combined with strict cost control, one of the reasons why we increased our guidance on the EBITA Fund Investment Services side. Group income for the first half of the year is a very unsatisfying EUR 34 million negative or nearly EUR -2 per share. You see on the slide where with the sector diversification, you see that IT services and software against the backdrop in valuation has increased to 28%. That's given the most recent Continuation Fund in Solvares top up there and our investment in mageba, which has kept in. Also on the back of what continues to be very strong earnings in that sector, that has to be said. I reiterate it time and time again, we want to continue and intend to do so to maintain a diversified portfolio by sector. Also you see the entrance of HiPP coming in and pushing our healthcare forward. As a rule of thumb, any new investment is roughly around 3%-5%. The numbers can move quickly and we want to keep it below 30. I must say with a pinch of salt that I feel if we only see multiples stabilizing in the IT software and services space, our exposure could grow to 30+ given the strong earnings trajectory there. We don't intend to increase our exposure right now through new deals, but we still see very strong performance in that space. Once multiple stabilizes, we could see an increase here going forward. That's just as my personal five cents on how I feel the portfolio. In terms of diversification, in terms of numbers, you see that the top five make it 35%. We are in the market with Cartonplast out there and also maybe freiheit.com is earmarked for later exit this year. Congatec and duagon feel like strong exit candidates for 2027, although it's still early to say. But we feel that this concentration is temporary, and it has really grown in an organic way because some clear winners have shown strong performance and thus a significant wealth increase. We did a new long-term investment, very small one in Bug Bounty. It's a bit unusual. It's a Series B investment in a profitable venture, but still a growth series. The company is profitable. It's the clear market leader for penetration tests and ethical hacking in Switzerland. We also, for example, the National Cyber Security Centre of Switzerland is a key client, but also a lot of banks. We think that the product is great, the team is great, and we expect also across our existing portfolio of 37 companies, some cross-benefits being engaged into this company. Let's see, it was a EUR 7 million investment in total, so nothing spectacular. But if things come together, it should have a very asymmetric payoff. On the DBAG ECF IV, we invested in TNL Group. TNL is a leading planning platform focused on the energy industry or train infrastructure. For example, if you want to get permits for a new energy line or a train track, you have to have an environmental study, and that's what these kind of folks do. Very defensive business, still very nicely growing. We see also a very fragmented market here, which should leave us with a lot of room to grow via an organic buy and build. We identified it through our own network, did it in a bilateral way, and it's a clear primary transaction signed in May 2026, where we are very pleased that we have been able to do that. Let's see, but I think this will be a very pleasant one going forward. Moving over to the numbers and give you more granularity on the NAV, the walkthrough to the NAV per share development. As we said, net negative income of EUR -2.7 in the first half of the year. The buybacks and dividends of EUR 1.5 per share would add up synthetically the NAV almost equal to EUR 35.216. Nevertheless, I think more telling is on the next slide. You see that we have had a healthy development in terms of additions as a disposal. We continue to generate liquidity. The company is itself in a very strong position to take advantage of what is a complicated but also interesting environment. Not to sell, definitely not, but to buy. I am happy that we already did the disposals of duagon and Kraft & Bauer. In terms of the earmarked exits of Cartonplast and Freiheit, given the very complicated environment, I think we have marked them cautiously, but I would not expect large write-ups and certainly not write-ups in the tune of duagon should we be able to exit them during the course of this year. On the next slide, you see the change in value, and that's for me the most spectacular slide because you see that all in all, on a net basis, our companies have had a positive change in earnings. Earnings are growing. Some of that has been based or fueled by an organic M&A, hence also a change in debt, which was running against this earning increase. Nevertheless, the operating performance through the portfolio has been positive, and especially positive in the IT and software and services space, I must say. Nevertheless, multiples, especially in that peer group and also in the industrial tech peer group where congatec sits, have hampered a positive development for DBAG shareholders and our LP for the time being. Let's see. I think multiples have come down quite a lot, but it's too early to tell. We had some reverse movement already from March to April, and then pure-play software, I'm talking, continued to trend downwards. I will not take any view here. We focus on increasing our earnings, let's see what the market will do in the next four years. We have provided also more granularity, as we usually don't tend to do, on what this means of our peer groups. You see it is a very distinct way with one very negative outlier, meaning the -33% development in the software and IT services space, at least to our peer group, which is also, to be fair, a bit narrower than a broader ISHA's sector peer group in that space. That adds a bit even more to the folder. That's where we start. All in all, yes, definitely, stock market has been quite positive, but nevertheless, we have seen quite a negative decline here, especially in one insulated segment. Coming over to the Fund Investment Services, as I said, nothing spectacular here. Earnings would have grown, but if it would not have been for the placement agency for the Solvares Continuation Fund, that is now done, and this effect will not be repeated in the second half. We should see an increase in earnings there. On the next slide, you also see that given our disposables, we have a very good financial and healthy basis, and I'll continue to actively look for new opportunities so as to roll out a bit to profit from the still interesting investment environment. Coming to the guidance and outlook. We sit at a very unsatisfactory NAV per share of EUR 33.6 million per 13th of June. Our old guidance, which was conservative, expected EUR 36-EUR 40. We took that down to EUR 32-EUR 36. It is what it is. It's personally a huge disappointment, but we will continue to fight and keep a growing earning space, which should be the fundamental diagnosis of our investments. On the EVK investment fund size, I said our old guidance was EUR 5 million-EUR 9 million. There we see expect now EUR 9 million-EUR 11 million also on the basis of cost control and a bit growth in our assets under management. With that, I would already conclude our call. Yes, as I said, a very unsatisfactory quarter. We were very busy, but sometimes you don't get paid for that. We will not complain. We will double down our efforts on keeping increasing sales and earnings until this tug of war has abated and continue to generate nice opportunity which like Hipp or especially also TNL, I have very high conviction of having deployed money in a very accretive way. Let's see.