Ladies and gentlemen, welcome to the Q3 2026 earnings conference call. I'm Sergen, the cross-call operator. I would like to remind you that all participants will be in a listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and 0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Thomas Jessulat, CEO. Please go ahead, sir. Ladies and gentlemen, I welcome you to our earnings call on the 3rd quarter of 2026. Unfortunately, Our CFO, Isabelle Damen, is unable to join today's call due to illness. I will therefore provide a detailed look into the results from the 3rd quarter in the first 9 months of 2026. With today's publication, We confirm the guidance for 2026 and the medium term, which we have originally published with the annual report end of March and updated for our sales expectation on October 13th. At the end of the presentation, as usual, you will have the opportunity to ask questions, and we're pleased to answer them. At the outset, I would like to present a brief overview of the key developments from the past 9 months before turning to the financial performance in more detail Let me briefly comment on the current environment in which we are operating. The automotive industry continues to face elevated uncertainty driven by geopolitical tensions, shifting trade policies and regulatory frameworks under discussion. At the same time, market forecasts point to a decline in global flight vehicle production in 2026. Despite these challenges, We navigate these uncertainties through our global production footprint, diversified product portfolio, and increasingly resilient supply chain, which allows us to respond flexibly to changing market conditions. In parallel, we continue to execute our SHAPE30 strategy with a strong focus on cost discipline, operational efficiency, and organizational simplification. Taken together, the execution of our strategy strengthens our competitiveness and support our objectives of higher profitability, stronger cash generation, and sustainable value creation. When looking at SHAPE30, our strategy has 2 main dimensions: growth and efficiency. On the growth side, we are ramping up new e-mobility orders across all major automotive regions despite a decline of global light vehicle production. At the same time, we continue to leverage our strong position in the classical business. In addition, disciplined working capital management remains a key lever for generating sustained cash flow. On the efficiency side, we're returning to a more disciplined level of capital expenditure following the recent investment cycle. We also place a strong focus on cost discipline to optimize our cost base through streamline and further structural measures under SHAPE30 while consistently addressing underperforming products and locations. Together, both dimensions contribute to our strategic goal, strengthening our competitiveness by enhancing profitability, particularly in the Original Equipment segment, and generating sustained cash flow. Let me briefly highlight the progress in the growth dimension. The e-mobility business area represents a key growth driver for the group. As large-scale customer programs continue to ramp up across all major automotive regions, e-mobility sales more than doubled year-over-year to now €189 million in the first 9 months of 2026. At the same time, increasing volumes are translating into improved profitability. The adjusted EBIT loss in e-mobility was reduced from minus €40.7 million to minus €33.7 million, while the OE segment's adjusted EBIT margin improved by 1.6 percentage points to 0.6% in the first 9 months of 2026. Excluding the e-mobility business area, The OE segment would show an adjusted EBIT margin of 5.3% year-to-date after 4.4% for the first 9 months of 2025. This development confirms that the OE segment and the e-mobility business area in particular are gaining traction. Going forward, our focus remains on scaling the business profitably, supported by strict cost discipline and continued working capital optimization to generate sustained cash flow. Alongside growth, improving efficiency remains a key strategic priority as a second dimension of SHAPE30. Following the investment phase required to support the ramp-up of new business, we have now reduced capital expenditures in property, plant and equipment to normalized level. In the first 9 months of 2026, CapEx declined to €60 million, corresponding to a CapEx ratio of now 4.4%, down from 8.1% a year ago. At the same time, we continue to execute our SHAPE30 strategy to improve group-wide profitability. In the 3rd quarter, we have entered into an agreement with LiDEC to sell our U.S. subsidiary in Fort Wayne, Indiana, as well as our shielding technology business in Kecskemét in Hungary. For the new owner, thermal and acoustic shielding technology is part of its core business so both locations can be further developed in the interest of their customers and employees. This is another step in simplifying our global production network, being close to the customer, and at the same time focusing on increased profitability and cash generation. The transaction involves a low to mid-double-digit million euro amount in sales 2025 and a low triple-digit number of employees as of year-end 2025. Moreover, we have achieved progress on our SHAPE to Empower program, which targets lean structures for fast reactions greater efficiency and stronger customer focus. With having said this, let us now shed some light on the financial figures. Let us first turn to our order situation, which steadily improved over the past quarters. Order intake reached €538 million in Q3 2026, representing an increase of 15.2% compared to the 3rd quarter of the previous year. The figure also reflects continued positive momentum compared to the preceding quarters. As a result, our order backlog increased to €1.2 billion €327 million at the end of the 3rd quarter. This corresponds to a growth of 19.4% year-on-year. It marks the highest level shown over the past 5 quarters. This overall development shows continued customer demand and provides a solid basis for future revenue growth. Let me continue with the sales development in the 3rd quarter of the year. Revenue increased from €395 million in Q3 2025 to now €451 million in Q3 2026, represented solid year-over-year growth. Foreign exchange effects contributed €4.4 million, while the divestment in the UK subsidiary in 2025 had a slightly negative impact. of €3 million. This growth significantly outpaced the overall automotive market. Global automotive production edged down by 1.6% year-on-year in the 3rd quarter. With Europe excluding Russia growing by 0.2% and Germany declining by 4.9%. Against this backdrop, ElringKlinger achieved good organic growth, clearly demonstrating its resilient position in a contracting market environment. The reason for this resilience, the strong growth in e-mobility, is to be seen on slide number 10. Revenue in the original equipment segment increased significantly year-on-year, substantially exceeding the prior year level. Within the OE segment, e-mobility generated sales of €65 million in the 3rd quarter of 2026. The ramp-up phase for major series production contracts in cell contacting systems is further progressing. Compared to previous year's 3rd quarter, revenues increased by more than 100%, highlighting the business area's strategic importance for the group's transformation. The aftermarket segment continued its strong performance, increasing again sales from €96 million in Q3 2025 to €102 million in the 3rd quarter of 2026. In addition, the engineered plastics segment was able to slightly increase revenue in the 3rd quarter of 2026, rising from €37 million to €39 million. Growth in the 3rd quarter of 2026 was achieved in all relevant regions for ElringKlinger. We now turn to the profitability metrics on slide number 11. As you can see, our earnings development remains on track. Adjusted EBITDA increased by 29% year-over-year, from €41.1 million to €53 million, supported by higher sales and continued cost discipline. The adjusted EBITDA margin reached 11.8% in Q3 2026. Adjusted EBIT shows an even stronger development, rising by 38% year-over-year to now €29.2 million. The adjusted EBIT margin improved from 5.4% to 6.5%, despite the ongoing earnings impact from the ramp-up in e-mobility. Adjusted EBIT in e-mobility has been improved by €7.3 million to minus €9.6 million and is on track towards a breakeven The adjusted EBIT of €29.2 million includes adjustments of €9.7 million, mainly for impairments in the context of the divestment and for restructuring. We will continue to consistently pursue our strategic course of SHAPE30 as the year progresses. And in this context, we expect one-offs for the full year to be in the mid-double-digit million euro range, but lower compared to those in the previous year. Looking at the EBIT bridge, the improvement in profitability was primarily driven by the consistent execution of our strategic measures, contributing €10 million. This is in line with our 2025 goal of achieving savings of, in total, €50 million coming into full effect in 2027. It underlines that our strategic measures are translating into tangible results, even though we still record costs for the global ramp-up of large-scale orders of €12 million in the quarter under review. Higher business volumes and product mix effects provided additional upside. On the next slide, you see the positive effects on earnings figures. Adjusted EBT increased by more than 100% to €28.5 million, compared with €11.7 million in the prior year quarter. This translated into adjusted net income attributable to shareholders of €14.3 million, compared with €6.2 million in the prior year quarter. Consequently, adjusted earnings per share increased to €0.23, more than doubling from €0.10 a year ago. On a year-to-date basis, adjusted EPS amounted to €0.64. Turning to cash and capital efficiency, we made further progress in improving our financial profile during the quarter. The net working capital ratio decreased to 19.5% of group sales, compared to 23.2% in the prior year quarter. And at the same time, we maintained a disciplined approach to investments. CapEx was reduced by 46% year-over-year to now €15.1 million, resulting in a CapEx ratio of 3.3% compared to 7% a year ago. This further reflects the normalization of our CapEx spending after a very strong investment cycle related to the ramp-up of our large-scale orders. R&D spending remained at a solid level of €20.4 million, while the R&D ratio improved to 4.5% of sales, demonstrating our ability to balance technology investments with financial discipline. Turning to our balance sheet and cash flow development, we continued to make progress in strengthening our financial position during the 3rd quarter. Operating free cash flow reached €28.5 million in Q3, supported by disciplined working capital management and lower investment spending. It is a clear improvement compared to prior year figure of €18 million. As a result, net financial debt was further reduced quarter on quarter to €350 million. At the same time, our leverage ratio improved to 1.6. Adjusted EBITDA compared to €2.2 billion a year ago. Our equity position also continued to strengthen. Equity increased to €697 million, resulting in an equity ratio of 36%. Overall, these developments reflect our continued focus on cash generation balance sheet strength and the disciplined execution of our SHAPE30 transformation strategy. Turning to the performance of our OE segment, profitability continued to improve despite a challenging market environment. Segment sales increased by 18% year-over-year to €310 million, driven primarily by the ongoing ramp-up of e-mobility programs. E-mobility sales nearly tripled to €65 million. At the same time, operational performance improved. Adjusted EBIT in the OE segment increased from minus €2.1 million to €3.9 million, mainly due to the improvement in the e-mobility business area. Although additional ramp-up costs in the 2 other business areas affected the segment results. Overall, adjusted margin of the segment improved by 2 percentage points year-over-year. The margin in the aftermarket segment was impacted by temporary effects related to customs issues and costs, while earnings in the engineered plastics segment improved thanks to strict cost discipline. Overall, the quarter confirms that the OE segment is moving in the right direction, supported by higher volumes, improving e-mobility economics and the ongoing execution of our efficiency initiatives. Let us now turn to the market environment and our outlook for the full fiscal year. Let me also briefly address the market environment. Industry production forecasts remain volatile across the major automotive regions. Compared to the estimates published in July 2026, Light vehicle production expectations have been revised downward for Greater China but upgraded for Europe. On a global level, expected light vehicle production for 2026 now stands at 91.6 million units, representing a decline of 1.7% versus prior-year production. Despite these market headwinds and ongoing uncertainty, medium-term industry fundamentals remain intact. Global production is still expected to recover to around 97 million units by 2030. Turning to our outlook, we continue to expect full-year 2026 performance to develop in line with our guidance. As communicated on October 13th, we raised our sales guidance for 2026 to around €1.8 billion. This updated outlook reflects our assessment of the group's operational performance throughout the year and for the 4th quarter of 2026. However, the overall market conditions remain challenging. Moreover, we confirm the other key figures in the 2026 outlook as well as in the medium-term outlook. Overall, our results confirm that we're making solid progress in executing our SHAPE30 strategy. Supported by a strong financial position and a clear strategic direction, we remain well positioned to further enhance profitability, strengthen cash generation, and create sustainable value over the long term. Thank you for your attention, and I'm now happy to take your questions. Ladies and gentlemen, we'll now begin the question and answer session. Anyone who wishes to ask a question may press star and 1 on the telephone. You will hear a tone to confirm that you have entered the queue. If you wish to remove yourself from the question queue, you may press star and 2. Anyone who has a question may press star and 1 at this time. We have the first question coming from Tobias Willems from LBBW. Please go ahead. Yeah, hello, Tobias Willems from LBBW speaking. I have 2 questions. First, BMW has decided to expand its portfolio and structural measures forward. Looking to successful launch of the Neue Klasse, BMW will gradually phase out earlier generations of vehicles and technologies sooner than originally planned. Could you comment on any potential positive effects this might have for the future business by ElringKlinger? And the second question, on your solid performance in the region of APAC, Could you give us a bit more color on that? We are hearing a lot of challenges in the Chinese markets, especially for European OEMs and suppliers. But you seem to be doing quite well here. And so do you expect that to change significantly going forward in the future? Thanks for having my questions. Yeah, thank you for your questions. To your first question, there is nothing that we would expect you know, as a negative impact for ElringKlinger in a significant way to date. On the second question, The APAC, and in particular China, is a very difficult market. However, you know, the new projects that we have that we are in the process of ramping up include also China, and there is expectation from us that there's going to be a contribution also in China from those projects. And therefore, we see, of course, on the one side, you know, declining trends on the one side, and on the other side, we see also growth. from new projects. As to, you know, how much the one side is overcompensating, the other is probably a little bit too early to say that. But for ElringKlinger, we have some, you know, in a positive sense, compensating additional business, in particular in China, that we expect to ramp up. Okay, understood. Thank you. The next question comes from Michael Punzet from DZ Bank. Please go ahead. Yes, Michael Punzet. Good afternoon. Thank you for taking my question. I have 2 at this time. First one is on e-mobility. We heard from several, especially German OEMs, that the demand for BEV models is increasing and it's higher than expected. Will this have any positive impact on the ramp-up curve of your e-mobility business? That is the first one. And the second one is on your plastic business. We saw a very strong margin of roughly 18% in Q3. What is the normal level we could expect for Q4 and also the years forward? Yeah, thank you for your question. When I look at the positive development here in e-mobility, we can say that generally of course, this gives ElringKlinger a particular profile because the battery products that we have compared to the classic products, they have a higher value, yeah, and there is a more significant contribution to the group's development of the top line. Therefore, yes, this would give us, of course, you know, a positive impact, we think, and it helps us to reach our target that we are in 2028, that we are breakeven in positive territory. in regard to e-mobility, yeah. On the second question that you asked, typically, I would say we expect a double-digit margin in that business. And throughout all businesses of ElringKlinger, we execute right now very strong cost and also CapEx discipline. And here, in particular, the plastics segment has a very diversified product portfolio into different markets. And here, the current mix leads to a good situation here in sales and also contribution to the group margin. Okay, but double-digit means in the past we saw levels like that, but closer to the 10% than to the 20%. So is it fair to assume that we will see a range of 10% to 15% going forward? In that range, roughly speaking, expectation would be, yes. Okay, thank you. Thank you. As a reminder, if you wish to register for a question, please press star and 1 on your telephone. There are no more questions at this time. I would now like to turn the conference back over to Thomas Jessulat for any closing remarks. Yeah, let me close by thanking you all for your interest in ElringKlinger and for joining today's conference call. We wish you a successful and enjoyable remainder of 2026 and hope to see some of you again at one of the investors' conferences later this year. In the meantime, remain available for any follow-up discussions and questions and would be pleased to meet with you also individually. Thank you for your time and attention. You have a good rest of the week. Thank you very much. Ladies and gentlemen, the conference is now over and you may now disconnect the lines. Goodbye.