Hello, everyone. This is Fabian Joseph from investor relations. Also, on behalf of my entire team, I wish you a warm welcome to our Q2 2026 conference call. With me today, our CEO, Guido Kerkhoff, and our CFO, Oliver Falk. They will guide you through the presentation and afterwards, we're happy to take your questions. In order to ask a question, you have to press the live Q&A button, and we will open your line. With that, I'd like to hand over to you, Guido. Yes. Thank you, and welcome to our Q2 2026 conference call. Let's begin with the financial highlights of the quarter. I'd like to remind you that at the end of the full year 2025, we successfully sold eight U.S. distribution sites in order to focus even more on higher value-added products and services. As in our previous analysts and investor presentations, we also included the deltas for a divestment-adjusted baseline to enable a true year-over-year comparison. At the group level, shipments in the second quarter decreased slightly year-over-year. Negative development is mainly driven by the aforementioned sale of eight U.S. distribution sites at the end of fiscal 2025. However, this was partly offset by positive momentum in our segment, Kloeckner Metals Europe. Excluding the divestment, shipments increased by 4.3% year-over-year. This is proof that our growth strategy remains intact and that the implemented strategic initiatives are gaining traction. Sales increased slightly by 3% on a year-over-year basis due to a higher average price level. On an adjusted basis, excluding the divestment, sales increased by 12.1%. Gross profit decreased considerably year-over-year, largely attributable to the write-down at Becker, which affects the comparability of the year-over-year development rather than reflecting a deterioration in the underlying business. We achieved an EBITDA before material special effects of EUR 63 million, positioning us in the upper half of our guidance. Notably, Kloeckner Metals Europe delivered a significant contribution for the second consecutive quarter, marking another important milestone in the segment's turnaround. I will provide a bit more detail on the key drivers behind this performance on the next slide. Positive operating cash flow of EUR 10 million was achieved, though it was considerably lower than the previous year's quarter. As a result, net financial debt increased to EUR 1.108 million at the end of the second quarter of 2026. Let's have a look at our performance in Q2 2026 by segment. Starting with Kloeckner Metals Americas, reported shipments declined considerably year-over-year by around 8%, primarily reflecting the divestment of the eight U.S. distribution sites, as discussed earlier. The result reported sales were also slightly below previous year's level. However, on a like-to-like basis, the underlying business continued to develop positively. Excluding the divestments, shipments increased slightly by 4.7% compared with the second quarter of last year, while sales grew strongly by 13.5% year-over-year, supported by a favorable pricing environment. EBITDA before material special effects reached EUR 42 million in the second quarter of 2026, demonstrating the resilience of the segment despite the still challenging market environment. Turning now to Kloeckner Metals Europe, the segment continued its positive momentum. Shipments increased slightly by 3.6% year-over-year, while sales rose 10.4%, mainly reflecting the high average price level. At the same time, the consistent execution of strategic initiatives continued to support profitability. As a result, EBITDA before material special effects increased to EUR 20 million, marking the highest quarterly level since the first quarter of 2023. This also represents the second consecutive quarter of positive earnings contributions from the segment. With that, I'd like to hand over to Oliver to have a closer look at the financials. The favorable pricing environment we saw in the first quarter continued into the second quarter of 2026, particularly in the U.S., providing ongoing support for our business. Against this background, we achieved an EBITDA before material special effects of EUR 63 million, representing a considerable increase compared with the previous quarter and only a slight decline year-over-year, despite lower shipments. This performance demonstrates our ability to translate supportive market conditions into strong operating results. Operating cash flow was positive at EUR 10 million during the quarter. Further, the number of digital quotes increased by around 9.5% year-over-year. We continue to reduce manual processes, enabling our sales team to focus more on value-added activities. Let's take a look at the development of our shipment sales, gross profit, and gross profit margin for the second quarter of 2026. To provide a meaningful comparison, we are also showing the figures excluding the eight U.S. distribution sites that were divested at the end of 2025, allowing for a like-for-like view of the business. Reported shipments decreased slightly year-over-year, mainly due to the divestment of eight U.S. distribution sites at the end of 2025, primarily reflecting the impact of the divestment, partly offset by a stronger demand in Europe. In contrast, sales increased slightly year-over-year, mainly due to the overall higher average price level compared with the prior year quarter. As Guido already highlighted, the underlying performance of the business remains strong. On a like-for-like basis, excluding the divestment, shipments increased by 4.3%, while sales grew by a considerable 12.1% year-over-year. This demonstrates that our strategic initiatives continue to support our growth. Gross profit amounted to EUR 243 million compared with EUR 320 million in the second quarter of 2025. The year-over-year decline was primarily attributable to the write down at Becker, which weighted on the reported gross profit. As a result, the gross profit margin declined to 14.4%. We will now focus on the EBITDA development in the second quarter of 2026. We have adjusted the EBITDA for the quarter two 2025 for the divestment of eight U.S. distribution sites to enable a like-for-like comparison. Therefore, starting with an EBITDA before material special effects for quarter two 2025 of EUR 56 million. All year-over-year effects visible here have also been adjusted to enable the like-for-like comparison. In Q2 2026, EBITDA before material special effects came in at EUR 63 million, a considerable increase year-over-year. We faced a positive volume effect, which totaled EUR 13 million and a positive price effect of EUR 21 million supporting our operating result. In total, OpEx increased by EUR 27 million year-over-year, mainly due to the high personal expenses and higher expenses for shipments and operating supplies. We had no significant FX effects. Our EBITDA before material special effects reached EUR 63 million in quarter two 2026. Adjusted by material special effects, mainly resulting from the planned divestment of Becker, the EBITDA was reported at a EUR -108 million. We are now coming to cash flow and net debt development. In the second quarter of 2026, we benefited from the change in net working capital, which amounted to EUR 156 million. After interest in tax payments as well as other cash outflows totaling EUR 38 million, cash flow from operating activities remained positive at EUR 10 million for the quarter. With net CapEx of EUR 3 million, we generated a positive free cash flow of EUR 7 million. Let's look at our net financial debt. The positive free cash flow was more than offset by several items during the quarter. Negative effects were visible for leases, FX, and the dividend payment to our shareholders totaling EUR 33 million. Partly offsetting these effects were the EUR 9 million IFRS reclassification related to the planned divestment of Becker and EUR 2 million from other items. Our net debt increased from EUR 1,092 million- EUR 1,108 million in the second quarter of 2026. Let's now focus on the outlook for the full year 2026. Thank you, Oliver. Let me now provide you with an update on the market environment and the outlook for our key North American and European end markets, starting with North America. After a generally weak start to the year, we've seen improving demand growth trends developing over the second quarter 2026 in both the U.S. and Mexico. Given the current positive momentum, we continue to forecast a decent recovery in 2026, with North America's real steel demand increasing by 1%-2% compared to the prior year. Of course, there remains significant uncertainty and downside risks related to the current conflict in the Middle East and continued unpredictable trade policy that can negatively impact the outlook. Turning to the expected development in specific market segments. Looking first construction activity, building starts for both residential and non-residential investments are expected to be modestly higher by 0.6% versus 2025. While underlying long-term demand should remain strong, affordability and persistently higher mortgage will remain growth constraints for the foreseeable future. Non-building and infrastructure spendings are likely to expand by 11% in 2026, after increasing by almost 22% in 2025. Manufacturing activity, as indicated by the Institute for Supply Management Manufacturing Index, has expanded during the first six months in 2026. This is a very positive development considering this index indicated contraction for almost all of 2025. In line with its indication, we expect overall new orders for industrial and off-highway equipment to increase modestly by 1%-2% in 2026, with some variation depending on the specific segment. Some larger OEM customer forecasts in these sectors continue to indicate even substantially stronger growth rates heading into the second half of 2026. Turning to transportation, the automotive segment has been the most impacted by changing trade policy, as well as the removal of the EV tax credits. For 2026, current forecasts indicate stable to slightly negative order production growth in both the U.S. and Mexico. Subdued consumer confidence, higher for longer interest rates, the recent spike in gas prices will likely limit growth prospects for the near term for auto. On a more positive note, after a significant pullback in 2025, we now expect a very positive recovery of above 12% in the heavy truck and trailer segment. On the defense shipbuilding front, activity remains robust. Klöckner has recently been awarded a number of large multi-year programs, remains extremely well-positioned to take advantage of what is expected to be a massive increase in defense shipbuilding investments over the next decade. Appliance, HVAC, and electrical, which are key segments for KMC America, remain challenging with modestly negative growth expected in 2026. After a significantly slow start in early clear segment production increases and a return to more positive growth trends over the second half of 2026. Energy will continue to be the strongest steel-consuming segment in 2026, a major driver of overall steel demand growth. Power transmission will remain extremely strong, generating growth of above 16% year-over-year after achieving a similar result last year. Modernizing, expanding North America's transmission infrastructure is imperative in order to support the significant forecasted increase in demand for electricity across North America. This is especially critical for the previous comment related to data center investments. While renewable energy growth was expected to come under pressure after last year's change in government policy, we're now expecting strong growth of almost 15% in 2026 as both wind and solar continue to be the most immediate solution to help bridge the growing deficit between the surging demand for electricity and constrained supply. With that, I will quickly summarize the North American outlook as follows. With the current variance in growth expectations between industry segments nothing short of unprecedented, despite potential downside risks that still need to be navigated, we remain optimistic about the overall North American outlook for 2026. Additionally, the significant reduction in imports resulting from the Section 232 tariffs has clearly created a better balance between U.S. supply and demand, which is likely to result in higher for longer, potentially more stable performance. With these positive market dynamics at our back and with our continued focus on higher value-added products and services, we're very confident that Kloeckner Metals Americas continuing operations will once again deliver strong year-over-year growth, record marginal gains, and further improve financial results in 2026. Coming to Europe. Overall, we continue to expect real steel demand in Europe to increase by between 2% and unchanged from the outlook presented during our conference call in March. Nevertheless, the anticipated recovery remains moderate and uneven. European steel consumption continues to be well below pre-pandemic levels, while underlying industrial activity remains subdued, particularly in Germany. In addition, geopolitical uncertainty remains elevated. Coming now to our sectors, starting with the construction industry. No major change compared to our previous conference call. We continue to expect the construction industry to grow slightly in 2026, driven by infrastructure investments and pent-up demand. Let's continue with manufacturing, machinery, and mechanical engineering, a sector in which we now expect a constant development. Higher defense spending and selected infrastructure investments provide some support. At the same time, trade policy uncertainty, elevated energy costs, weak global demand, and challenging financing conditions continue to weigh on investment and production activity. Transportation. Starting with the automotive sector. Automotive is now expected to have a constant development in 2026. This represents a downward revision from the forecast made last quarter. Demand is expected to remain on rather low levels for as long as there is no significant improvement in the broader economic outlook, including global trade and consumer sentiment. Shipbuilding. While the commercial segment in shipbuilding could face increased pressure due to economic uncertainty, we are well-positioned in the gray ship sector to benefit from upcoming demand. Household and commercial appliances. No major change compared to our previous conference call in March. Segment with marginal impact on our European business, but we still expect production to increase slightly in 2026. Nevertheless, strong competition poses a structural challenge on higher energy prices and uncertainties weighing on the energy industry. The Iranian conflict still weighs on the forecast. Slight growth is still expected in the energy industry, driven by the continued electrification of transport and heating, as well as further growth in the data center sector. Let's now come to the financial outlook for the full year 2026. Based on our performance in the first half of the year and our current market expectations, we forecast a slight decline in shipments and a slight increase in sales for the full year compared to our prior year. In total, we expect a strong EBITDA before material special effects in the full year 2026 of EUR 170 million -EUR 250 million. Moreover, we also expect operating cash flow to come in positive, however, below full-year 2025 figures. With that, we are now happy to answer your questions. Once again, if you would like to ask a question, you have to press the live Q&A button and we will open your line. Once again, if you would like to ask a question, you have to press the live Q&A button and we will open your line. The first question comes from Lars vom Cleff, Deutsche Bank. Lars, your line should be open now. Yes. Thank you very much. Good afternoon. Two quick questions, if I may. In Q2, shipments and especially revenue showed a very solid organic growth. I would be interested in your view on how Q3 has progressed so far, especially with regards to shipments. The start of the third quarter was as well in line with what you saw in Q2. For us, a strong start. Okay. Thank you. Combining that with still satisfying steel price level, taking your now quantified EBITDA guidance for this year at midpoint you would already have reached 52% of that. To me, that looks relatively conservative, I would be interested in your view on that as well. Well, you never know what happens in the near future, there is always a lot of uncertainty, the start into Q3 was pretty promising. Okay, understood. I'll go back into the line then. Thank you, Lars. Once again, if you'd like to ask a question, you have to press the live Q&A button. There are currently no further questions, I would read out questions Boris Bourdet from Kepler Cheuvreux sent beforehand the call. I would suggest to read them out one by one and then to answer them. The first question was on Europe. Could you elaborate on the recent improvement in Europe? How has demand evolved, and have you observed any changes in customer behavior following the introduction of the TRQs? Look, not that many changes we have seen. The TRQs and the rest has all been rather a bit positive. Demand is still not really great, but kind of stable. I think the growth you've seen in our European business goes more out to our repositioning and all the strategic initiatives we were driving. That was very helpful to really turn it around. The second one was on Becker. You previously indicated that the divestment process was progressing as planned. Could you provide any update on the process on when could we realistically expect the disposal to be completed? Yeah. Well, our target is clearly that we have it completed, meaning closed, in this fiscal year. We are well on track. There is nothing more I can say, but we are really well on track. That one, I am pretty confident. The next one is on the tk accelis IPO. How do you view the planned IPO of thyssenkrupp accelis? Do you see it as more of a competitive threat or an opportunity for the sector? More broadly, how do you expect the competitive landscape to evolve over the next few years? Well, I think we have to see how that works out. What thyssenkrupp is doing, split or spin or IPO, whatever, remains to be seen. That won't change the competitive landscape. I think it's good that this company then is standalone, so that it can run and compete with us the way it is already today. Therefore, from that move alone, I don't see and expect any changes. It's a clear, focused company then, and we will have a stock listing from them so we can see how they perform. I think it's a good move. Overall competitive landscape, I think will a bit remain where it is. What we see in Europe is indeed with a weaker demand, especially compared to pre-COVID levels, that there is some mobile capacity still. The last one on the Worthington Steel. Could you update us on the situation with Worthington Steel? What are the next steps? Nothing really new to add there. Everything's working well. The transaction closed. We're now working on the delisting, to be expected rather sooner than later, and we're working on the DPLTA as they announced. It's all in line and planned. Nothing new there. At the moment, there seem to be no further questions at this time. Thank you very much for joining the call today. If you have any question during the day or after, please contact the investor relations team. Thank you, have a nice day.