Good afternoon. Welcome to Fnac Darty conference call. Mr. Enrique Martinez, CEO of Fnac Darty, and Jean-Brieuc Le Tinier, CFO, will moderate this call. The floor is yours. Good evening, everyone. We are pleased to be with you tonight to comment our 2026 half-year results. Particularly in France, over the past few years, we have experienced several early heat waves of unexpected intensity. These episodes had an impact on many of us, and naturally on our customers. I wanted to start by acknowledging the extraordinary dedication of our team during these exceptional weeks, especially our purchasing, logistics, stores teams and our home service technicians who intervene on products affected by the extreme heat. Everyone across the group worked tirelessly to step up and help our customers cope with these extreme temperatures. Right. The agenda. I am going to present the highlights of the first half of 2026. Jean-Brieuc Le Tinier, our Chief Financial Officer, will detail our financial results. Finally, I will return for the conclusion, and both of us will be available to answer your questions. Slide 4, the highlights of H1. Our revenue grew by 0.6% on a like-for-like basis. This growth was driven by international operations of 2.7%, while France declined by 0.7% due to a market that remains sluggish and a high comparison baseline. Activity was also driven by strong digital momentum, which I will elaborate on in a few moments. In a market that remains very fragile with solid recovery indicators in a few categories, yet still uncertain, particularly in France, we are pursuing the rollout of our Beyond Everyday plan. This has yielded significant effect on our gross margin rate, which expanded by 40 basis points to reach 29%. The growth of our service business remains the key engine for growth, and services are contributing very positively to improving this metric. Finally, as you already know, our main shareholder, EP Group, announced a tender offer for our company at the beginning of the year. After obtaining the required regulatory approvals, notably clearance from the AMF, the offer has been open since May 12th. Subject to receiving merger control approval from the European Commission, completion is expected in the second half of this year. Our first half of 2026 reflects positive transformation momentum and growth in services. In a moment, I will also return to the performance of online sales, which posted sustained growth and digital as a whole. Overall, commercial performance remains solid in an environment that remains challenging in France. Slide 5 now. Since launching our new strategic plan, Beyond Everyday, in June 2025, we have rolled out numerous initiatives. I wanted to highlight two of them, which fall under the integration of Unieuro through synergies and the development of high value-added services. They are illustrated on slide 5. First, dual launch resulting from an expertise sharing between the group and Unieuro. First, the launch in France of a professional TV calibration service. This is first directly inspired by the success of a similar initiative deployed at Unieuro in Italy. Conversely, Unieuro launched Digital F-Secure, its very first subscription service offer, inspired strongly by Fnac Vie Digitale, which has been successfully offered in France since 2021. Second key initiative, we accelerated the integration of our own brands across the group. We previously announced our goal to pool expertise around private label products and licenses to optimize product offerings and better leverage existing group structures, particularly sourcing offices in Hong Kong and Shenzhen. 80 group employees are dedicated to this business, which we have mastered over 20 years now. We work with approximately 190 suppliers worldwide and ship over 4,000 containers annually. Since 2025, we have finally expanded our product offering with more than 1,300 new SKUs, and we confirm our target to increase sales by EUR 300 million by 2030, a doubling compared to 2024. These examples illustrate that Unieuro's integration is progressing successfully, and we confirm our target of delivering at least EUR 20 million in synergies by the end of this year. Moving on to slide 6 now. We are going to talk about digital performance. Regarding digital, as I mentioned earlier, we continue to accelerate as shown on slide 6 with a selection of significant key metrics. Our online sales grew by 4% in the first half of the year and now represent 21% of total group sales. Click and Collect sales are growing and now account for nearly 50% of total group online sales. This confirms, once again, the relevance of our omni-channel strategy, especially when foot traffic in city center stores was impacted by the heat wave. The use of AI in purchasing behavior, while still marginal today, is accelerating rapidly. We pay close attention to ensuring strong visibility in LLM models, which already influence more than 3% of our gross merchandise value on our platforms. Our marketplace delivered strong performance in H1, with GMV increasing by 15% over the period. The business or the activity within our reverse marketplace is also showing a very strong growth. Finally, we are accelerating the deployment of Weavenn, the joint venture created with CEVA Logistics. Weavenn offers a unique, fully integrated solution combining best-in-class marketplace tech solutions with a high-performing fulfillment for multi-channel retail. Now, since its launch, Weavenn has collected over 100 marketplaces across Europe and processed around 1 million orders. Overall, for technical products, one third of units sold on the Fnac Darty marketplaces are powered by or fulfilled by Weavenn. Moving on to the next slide 7, to conclude my section. I wanted to briefly revisit the ongoing tender offer by EP Group and provide a quick update on the timeline. I have already noted that EP Group's offer aligns with the solid partnership built together over several years. It represents a key new milestone supporting the acceleration of our Beyond Everyday strategic plan. Moving on to slide 8, the illustrative timetable shows all the steps already completed, as well as the final milestone before closing the offer. We are still awaiting merger control approval from the European Commission. Now we are working on it, though we have not yet formally notified Brussels to date. Subject to obtaining this clearance and if successful, the offer should reopen for a period of at least 10 trading days. I will now hand over to Jean-Brieuc Le Tinier, our CFO, who will walk us through our financial results in detail. Thank you, Enrique. Good evening, everyone. As Enrique mentioned in his opening remarks, group revenue increased by over 0.6% on like-to-like basis during the first half, driven by the strong performance of the rest of Europe in our online sales. Online sales now account for more than 21% of revenue over the period and grew by more than 4%. Click and Collect remains a cornerstone of our omni-channel model, with nearly one out of every two online orders collected in store. Slide 10. Let's look at our performance by product category. The categories highlighted in green are those that deliver the strongest growth. Let me start with home appliances. Small domestic appliances benefited in particular from innovation in the beauty and home care segments. Large domestic appliances also proved resilient, supported in particular by the two heatwaves in May and June, which boosted demand for products related to thermal comfort. Services and diversification continued their positive momentum and remained on a growth trajectory. Overall, consumer electronics recorded growth, although performance varied across categories. The personal computer market continued to benefit from the replacement cycle driven by the end of Windows 10 support, as well as a new post-pandemic renewal cycle. Television sales accelerated, particularly in June, posting double-digit growth supported by the FIFA World Cup. By contrast, mobile phones highlighted in red on the slide, as well as audio and photography products, posted a slight decline. Editorial products also declined, reflecting a subdued book market. Like in previous years, there were no major publishing releases during the period. By comparison, last year's sales were significantly boosted by the success of "The Housemaid" book series. Gaming was affected by a negative comparison base. As a reminder, the second quarter of 2025 benefited from the highly successful launch of the Switch 2 console. Looking ahead, the second half will be marked by the release of "GTA 6," undoubtedly the most eagerly anticipated video game of the decade. Turning now to slide 11, let's review the group's performance by geography. France, which accounts for 58% of the group's total revenue, was broadly stable, with like-for-like revenue down just to 0.7% compared with the first half of 2025. The consumer environment in France remains challenging. Nevertheless, we delivered a solid performance that significantly outperformed the overall market trend based on the latest Banque de France data published at the end of May. As a reminder, June data are not yet available. In the rest of Europe, which now represents more than 40% of the group's total revenue, business remains strong, with like-for-like revenue increasing by nearly 3%. Italy delivered growth with strong momentum across all sales channels and product categories. Belgium grew by nearly 6%, gaining market share in a favorable consumer environment. Portugal recorded 9% growth driven by the strong performance of both brands and the successful rollouts of the Darty brand. Spain posted growth of nearly 2%, driven by in-store sales. It is also worth noting that stores refurbished in 2025 are delivering particularly strong performances. Finally, in Switzerland, revenue declined by 1.9%, reflecting the weaker book market and the negative comparison base in gaming. Turning to slide 12, our gross margin also improved, increasing by 40 basis points compared with H1 2025. This improvement primarily reflects the continued expansion of our services business, whose contribution to value creation continues to grow. The continued rollout of Darty Max remains a key driver of improvements in our business mix and further validates our strategy focused on recurring revenue streams. Our product mix was also favorable during the period, with higher sales in higher margin product categories. In addition, the impact of franchise operations on our gross margin has now become negligible. Let me now turn to the other components of the income statement on slide 13. As I've just highlighted, our gross margin rate improved as of the end of June. Operating expenses amounted to EUR 1.32 billion In H1 2026, up EUR 23 million compared with H1 2025. Overall costs remain well under control despite higher expenses, particularly logistics costs associated with a strong level of business toward the end of the half year. The many efficiency initiatives implemented across the group nevertheless offset the vast majority of inflationary cost pressures. Recurring EBITDA reached EUR 197 million at the end of June 2026, an increase of EUR 4 million year-on-year. Recurring operating income, or ROI, came to a loss of EUR 34 million compared with a loss of EUR 38 million at the end of June 2025. This improvement of nearly 10% reflects the group's ability to preserve both margins and cost discipline despite a subdued consumer environment. The integration of Unieuro is progressing very well. We have successfully implemented our initiatives, both in terms of procurement synergies and sourcing, and reaffirm our target of delivering EUR 20 million of synergies by the end of 2026. As Enrique mentioned earlier, we have also begun deploying each other's areas of expertise since the beginning of the year. Non-recurring items amounted to a net expense of EUR 16 million. The EUR 5 million increase compared with last year mainly reflects restructuring costs related to workforce and organizational adjustment plans in France and internationally. As a result, operating income came to a loss of EUR 51 million for the first half, broadly stable compared with last year. Net financial expense amounted to EUR 62 million, an increase of EUR 7 million compared with the end of June 2025. This change mainly reflects the group's new financing structure as well as one-off financial income recognized in the first half of 2025 following the early redemption of the OCEANE convertible bonds in March 2025. After recognizing a tax benefit of EUR 28 million, net income from continuing operations attributable to the group amounted to a loss of EUR 32 million. Let us now move on to the analysis of free cash flow at the end of June, shown on slide 14. Operating free cash flow, excluding IFRS 16, amounted to - EUR 793 million compared with - EUR 845 million as of June 30 of 2025, in line with our expectations. The improvement was primarily driven by better working capital performance. As a reminder, working capital is highly seasonal and typically reaches its lowest point in June. Operating capital expenditure totaled EUR 74 million as of June 30 of 2026, fully in line with our Beyond Everyday target of investing around EUR 200 million per year on average through to 2030. The group's financial position remains healthy and robust, as you can see on slide 15. Gross financial debt, excluding IFRS 16, amounted to EUR 1.253 billion and includes our two outstanding debt instruments, the remaining OCEANE convertible bonds and the European Investment Bank loan. At the end of June 2026, the group reported a net cash position of EUR 516 million, complemented by EUR 600 million of undrawn committed credit facilities comprising the revolving credit facility and the DDTL. As a reminder, these undrawn facilities fully cover both our 2029 refinancing requirement in terms of amounts and our 2032 maturity profile. Accordingly, net financial debt excluding IFRS 16 stood at EUR 737 million at the end of June 2026. Finally, the rating agencies S&P Global, Fitch Ratings, and Scope Ratings currently rate the group BB+, BB+, and BBB- respectively. In early June 2026, S&P revised its outlook to positive from stable. This reflects the potential for an upgrade of Fnac Darty's credit rating over the next 6- 12 months should EP Group's acquisition be successfully completed. Fitch Ratings and Scope Ratings continue to maintain a stable outlook. Overall, we continue to benefit from a strong long-term liquidity profile. With that, I will now hand over back to Enrique for the concluding remarks. Thank you, Jean-Brieuc. On slide seven, you see that we have the ability to make progress even when we are in a challenging environment, especially in France, thanks to the diversification of our service operations and to the growing contribution of the international business. We would like to confirm our objectives for the 2030 plan and the one given 2026. We confirm our expectations of growth in our recurring operating margins. I would like to thank you for your attention, and we are now available for your questions. Thank you, ladies and gentlemen. If you wish to ask a question, please press *1 on your telephone keypad. Once again, if you wish to ask a question, please press *1 on your telephone keypad. Our first question in English from Diana Gomes, Bloomberg Intelligence. Hi, this is Diana Gomes from Bloomberg Intelligence. Thank you for taking my questions. I have a couple. First of all, I'd like to ask you whether you've noticed the increasing prices of memory chips and whether that affects your inventory planning, especially in terms of bringing inventory forward. That would be my first question. The second one, with the acquisition by the Křetínský group is going ahead, and upon the approval from the European Commission, are you looking to delist following the acquisition, or will you remain trading? Thank you. Okay. [Foreign language] We understood your question. Regarding the price. Well, there were a few announcements made by the industry. It was a little bit disorganized. We can see that there is going to be a price increase in the months to come because of the price increase of the components. At the moment, it doesn't have a significant impact. Quite a few manufacturers, such as Apple and others, have made announcements. They said that there was going to be a price increase. It doesn't have any impact on our inventories yet. We can't make any comments yet because we are not aware of the quantity, of the amount, or the volume of the increases. We are likely to see a price increase for a few product categories. It can have potentially an impact on global sales. It's too early to say because we do not know what it's going to look like yet. It could have a limited impact on the products. Regarding the operation. It is an ongoing operation. We are waiting, as we said, for the go-ahead of the European competition authorities, which is pending for the second half of the year. We are waiting for the result of the operation. No matter the result, we would not be delisted for at least 12 months. This was a commitment. For 12 months, the listing will continue. As for the future, well, we will see. Time will tell. However, number 1, we need to know the success rate of the offer. Second, there is a 12-month period which cannot change. We will remain listed for at least 12 months. Thank you. Can I ask a follow-up? Go ahead. Thank you very much. On the first question regarding the inventory pull forward. If you are seeing the prices increasing by the likes of Apple that you mentioned, do you have a strategy in place whether you're going to pass through the price increases to the consumer, whether you're going to be cutting margin or any kind of impact you're foreseeing for the next six months? Thank you for your question. Well, this is an industrial secret that we can't reveal today. First, we do not know by how much the prices are going to increase. Obviously, given the margin level, well, there is going to be an impact on the sales price, that is sure. Now, in terms of strategy, this is part of our industrial strategy that we can't reveal. Either way, we are going to work with the whole of the industry to maintain an offer that is balanced and that can address the needs of all of our consumers, no matter their purchasing powers. There might be some arbitrations to do, we are going to work with the whole of the industry to be able to continuously offer the best offer to the customers, independently of the inflation, which can go up and down. Thank you very much. If you'd like to ask a question, please press *1 on your keypad. Next question. Christian de Vismes, CIC Market Solutions. Hello, everyone. I have a couple of questions. Number 1, inflation in micro-IT. Your competitor that focuses on the gaming market shows an increase in RAM memory prices. Maybe I missed the boat, but on that field, what's the impact of inflation in H1, and should we expect a drop in volumes due to the increase in prices? My second question is more general. Regarding the French market, despite a continued strong sales performance, profit margin was stable in France in 2025 as well as in H1 2026. Do we need to restore top-line growth in order to restore profit growth in the next few quarters? Thank you. Let me answer the first question first. Jean-Brieuc can answer question number two. We kind of touched upon that previously. Yes. Our sector anticipates significant inflationary pressures in the next few quarters. This has yet to materialize, but we are staying ahead of the curve, and we anticipate a future supply cycles. We expect things to shift in the second half of the year, and we're working with the rest of industry to find the right balance between the impact on prices of increased inflation. We're trying to find the right balance between the interest of our customers and their purchasing power. We'll see whether or not our forecasts do materialize in H2, and whether or not this has an impact on volume adjustments. But it's too soon to tell. A lot of major manufacturers have anticipated this impact, but very few have, as a result, increased their prices for the next half year. It is usually in H2 that most products are launched, and it all depends on the launch price of those products, whether we do see a shift in industry-wide. Regarding profit margin in France, it is stable, which is good already. We have fixed costs in our line of business. We have inflation. Revenue is down by 0.7% over the half year, so we are able to maintain our profit margin as well as our EBIT and our recurring operating income. In order to restore significant EBIT growth and margin growth in France, we need to focus on services. Also, we also needed to focus on our top-line growth. We're able to improve our recurring operating income, thanks to international operations. Integration of Unieuro is helping a lot. This helps us to de-risk our footprint in France, which was very significant prior to the acquisition of Unieuro. Thank you. A quick reminder, if you'd like to ask a question, please press *1 on your keypad. No more questions at this time. Over to the speaker for the conclusion. Thank you all very much for your kind attention, and I look forward to speaking to you again in October for our next call to analysts. Thank you.