Now I have the pleasure of handing over to Ilaria Candotti, Head of Investor Relations. Please, the floor to you. Thank you, Letizia, and welcome again to EGLA's First Nine Months 2025 Results Presentation. Together with me, we have the Group CEO, Marco Arduini, the Deputy CEO, Isidoro Guardalà, and the Group CFO, Matteo Perna, who will illustrate the presentation. Please note that, as usual, the supporting deck and the press release are available online on EGLA's website at the Investor Relations section. I now hand over to Marco. Please, Marco, over to you. Welcome to everyone, and thank you for the interest in EGLA results for the nine months 2025. The results of the first nine months are impacted by a slowdown in Q3 that had some major causes, especially coming from North America, where the conditions in USMCA that were created during the last months have slowed down the electrical market in automotive. Overall, the condition in Europe remains good for the mobility, but weak for the economical situation that is impacting more the industrial business. On the contrary, the Asian countries and markets continue to grow. Our total revenues for the first nine months end up with EUR 614 million turnover. We are below the nine months of 2024, 5.4%. In terms of margin, we are at EUR 69.8 million EBITDA adjusted, that is below 14.9% compared to the first nine months in 2024. Entering in the details, so as I mentioned, the revenues slowed down in USMCA because during the last months were introduced new tariffs that were hitting the components made with steel that was not produced in the U.S. This kind of new tariff impacted as well the so-called USMCA production and our plant in Mexico. In addition to this, the decision to cancel the tax credit on BEV created a disruption as well in the market, and this was impacting the orders that we receive from our customers. On the other side, Europe, the European market in terms of electrification is growing. Our revenue, compared to last year, is lower in view of the double digit in view of the different mix. We have as well more products that are in plug-in hybrid and in hybrid, and as well in view of the competition that is coming from Asian competitors. In addition, in China, the revenues are progressing and increasing in view of the market that is growing double digit and is becoming more and more the most important market in the electrical vehicle in the world. If we move to industrial infrastructure, the revenues slightly grow compared to the first nine months 2024, thanks to the Asia growth that is for sure led by India. This was counterbalancing the weak situation that we saw in the first nine months in the U.S. and as well a fragile situation in Europe. Overall, this, let's say, overall situation of tariff and as well uncertainty that and as well competition increasing, especially in Europe, impacted our margin in both segments, also in Q3. We have a lower and worse operating scale in the Western region than last year. If we move to EV order book and pipeline, order book remains solid, but in view of the big shift that we saw in North America in the electrical, in the electrification, the order book was reduced merely for this reason, while the discussions for new projects in China and in Europe are still meaningful and relevant. The pipeline, in fact, remains stable at EUR 2.5 billion. It is important to say that in view of the overall situation, we have, let's say, fostered our program in order really to improve our performance and efficiency in all our operations, in order as well to make an upgrade of our efficiency and as well the ability to deliver cash flow. We have progressed our work in the different programs that we have launched in May this year with the pilot in EuroTrasportura Italy, and we have as well launched the pilot in Mexico. We have a detailed program and plan that we are as well executing that is aiming to improve our and reduce our cost more than EUR 10 million per year. Looking then to the whole situation and as well considering the impacts and the effects, we have as well updated our 2025 revenues, and we target now minus 10% versus 2024. With regards to the EBITDA, we have as well updated this forecast, and we aim to target between 11% and 12%. With regards to the operating free cash flow, we confirm the positive results at the end of the year, including as well CaPex for EUR 70 million. We have as well updated the midterm guidance, and we will see this at the end of the presentation. I now leave to Matteo in order to enter more in the details of the financial results. No, thank you very much, Marco. Yes, so starting from the left-hand side, revenues, as we said, the decrease in the nine-month totaling was 5.4%, for which you can see that for the e-mobility business, the decrease was in the range of 9%, consistent with what Marco was saying, especially due to the evolution of the third-quarter business in North America. Whilst on the industrial business, we are posting an increase in the range of 0.6%. Worth to be remembered and highlighted that the result as of the end of September 2025 is as well including the consolidation of our Indian operation, which is accounting for approximately EUR 38 million. Moving on, EBITDA adjusted, we are now in the range of EUR 69.8 million, implying an 11.4% margin compared to the revenues. You see the decrease in the EBITDA adjusted, it's impacted both segments. Worth to be mentioned that in the quarter, so in this quarter, we have posted the EBITDA adjusted in the range of EUR 25 million, which is implying approximately 13.5% EBITDA margin in the quarter, but it's as well, I'd say, a good result compared to what we have posted both in Q1 and Q2. On EBIT side, due to the reduction of EBITDA and as well due to the EUR 10 million increase in DNA compared to 2024, you see that EBIT is in the range of EUR 23.9 million, and this is implying an EBIT margin of 3.9%. CaPex have been reduced consistently to our expectation. We are now in the range of EUR 54 million, and that's to say 80% of the CaPex that we posted is for the benefit of the e-mobility segment. We can move to the next slide, please. Additional information in terms of breakdown of our top line. You see that in terms of segment contribution, now e-mobility is representing approximately 62% compared to 64% in 2024. EMEA is still the largest region, representing 51% over the total amount of business that has been generated by the company. Worth mentioning is the growth of Asia that, you know, due to the positive evolution of our e-mobility business in China, which is posting an increase in the range of 72% compared to last year. As well, due to the consolidation of Kumar, Asia is now representing 15% over the total amount of business. USMCA is now approximately one-third. If we move to the next slide, please. On EBITDA adjusted, as we said, the reduction is in the range of 15% compared to 2024. It's worth to be mentioned that out of the EUR 24.3 million for the industrial segment, this is including EUR 0.7 million due to the so-called new markets credit that we get in our U.S. company, EuroTransportera USA, whilst in 2024, the amount accounted was EUR 2.7 million. The amount of EBITDA adjusted that we have accounting the e-mobility segment, it's in the range of EUR 45.5 million, which is implying a reduction in the range of 16% compared to 2024. EBIT, as we said, you know, consistently with the evolution of EBITDA and as well consistently with the evolution of the EUR 10 million increase in DNA, now we stand at EUR 23.9 million, which is implying an EBIT reported margin in the range of 3.9%. Worth to be said that in the comparison versus 2024, we had an impact due to the forex evolution in the range of EUR 9 million with respect to the top line. In terms of EBITDA, the comparison versus 2024, it's negative by EUR 1.2 million. Again, this is the so-called forex effect. If we move to the next slide. In terms of networking capital, we are EUR 297 million. This is implying a result which is worse compared to our target of approximately EUR 35 million. This is 100% coming from, again, the headwind, the negative headwind in North America impacting then our operation in Mexico. Due to the supply chain in Mexico, you know, we have approximately lead time in the range of 90 days for the raw material which is coming from the Far East. Therefore, you know, the result as of the end of September, it is including an excess in stock of approximately EUR 35 million that will be reabsorbed by year-end. Worth to be said that as well approximately EUR 5 million in terms of receivables were overdue as of the end of September due to certain problems expected, suffered by certain European OEMs due to cyber attack. Again, this is important to be said and, let's say, luckily such overdue has been solved in October. Moving to the next slide, please. You see the evolution of the result plus the increase in the net working capital had an impact as well in terms of net debt. Now, the net debt as of the end of September was likely below EUR 300 million. This is implying a 2.9 times net leverage on the basis of the last 12 months EBITDA adjusted. It is worth as well to be highlighted that this is including EUR 20 million related to the buyout of the Chinese minorities, which took place in March this year, and as well the approximately EUR 8 million dividend distribution, which was performed by the company in May. I will leave the floor to Isidoro with respect to the following page, which is a highlight on the operational excellences program that we have launched worldwide. Thank you, Matteo. These four pillars of our activities are pillars connected to a matter of continued improvement of the result. Of course, this remains our first target daily, but we will change and improve each of the products with new ideas and new applications. About the operational excellence, we are working to improve, of course, the margin in the production and decrease the scrap, but also it is very important the increasing of the OEE. We are targeting this kind of result and we are achieving that. This can give to the companies the opportunity to minimize the investment in new capacity while utilizing the investment already done. What's about the supply optimization? No news. About the supply chain logistic transformation, we are targeting also to start new activities in the management of the raw material that are coming from Far East using technical and commercial contact with the supplier and with our suppliers. About the cross-functional governance, I want to remark that we are starting to improve a new system for the management of the customer demand to fulfill a better forecasting and using the activating also advanced system with the AI system that already we are testing in the companies. Please. Thank you, Isidoro. Moving to the next slide, on the basis of what we introduced before with respect to the evolution of our underlying markets, we have updated consistently both short-term guidance and mid-term guidance. With respect to the short-term guidance focused on full year 2025 results, we have updated our expectation in terms of revenue evolution, which we are considering an increase of 5% in the latest set of guidance that we released on August 4. Now, considering a decrease in the range of 10% compared to 2024, we are now envisaging EBITDA margin to be in the range between 11%-12%. We confirm both CAPEX in the range of EUR 70 million and a positive operating free cash flow. Look, going forward with the so-called mid-term guidance, we have updated our expectation in terms of revenues figure, which are now in the range between 10%-12%. We are confirming, in the back of the important cost-saving initiatives plan and as well the performance excellence plan that we have started both in Italy and in Mexico and then will be rolled out as well in China next year. We do confirm the 13% average EBITDA margin that we are now presenting to you. It is as well confirmed, the CaPex intensity, despite the expected, let's say, lower increase of the revenues compared to the last set of guidance that we discussed on August the 4th. As well, in terms of return on capital employed, we are now considering a range between 13%-15% event to be achieved in 2028. At this point, we are ready to take your questions. Thank you to the management team. We have now an opportunity for a question. As a reminder, if you would like to ask a question, please use the raise hand function on your screen, or for those signing in, it will be star 9 on your keypad. Once your name is announced, please unmute your line, state your company name before asking your question. Thank you. The first question today comes from Alberto Gergra. Please, the floor to you. Good afternoon. Hope you can hear me well. I have a few questions on the deal with Fountain Invest. First of all, on the golden power, if you can remind us the timing of this and generally speaking your feeling on that. On the several antitrust and other green lights that you need, if you can please recap which ones you have obtained and which ones are still pending. One last question, I would like to understand if this guidance revision also on the mid-term could have implication on the agreement with Fountain Invest. Thank you. Thank you very much, Alberto. Yeah, it's worth to be said that, of course, you know, the company is partially involved in the discussion which are happening between the shareholders. We can provide you an answer with what is, let's say, under control by the company. The company has been now engaged in the discussion for the FDI request that is having an impact both in Italy, golden power, and as well in India, PM3. I have to say that so far all of, you know, the interaction that the company has with the authorities have been always constructive. With respect to the antitrust, I have to say that again, on the basis of what the company has been involved, we know that out of five countries impacted by the antitrust request, four have already provided green light to our request. I think it's important only to add that, of course, there are topics that are, we are in an EGLA session and the topics that are related to the shareholders cannot be commented by us. This is with regards to the second part of your question. Okay, thanks. Thank you, Alberto. The next question comes from Emanuele Negri. Please, Emanuele, the floor to you. Good afternoon, everybody. Can you hear me? Yes, sir. Okay, good afternoon. Thanks for the presentation and for the Q&A. I have a couple of questions. The first one is on your guidance. If I do my math on margins, it seems that your guidance is not entailing any improvement in the profitability in the fourth quarter of this year compared to the third quarter, which was a trend actually we were used to observe in your company in the last few years. Could you explain us why we should not expect further improvement in the last quarter in terms of profitability mainly in the, let's say, Viauto division? The second one is on your order book you disclosed at the beginning of your presentation. Could you give us an idea of what were the drivers of the reduction in the order book we had in the third quarter? Thanks. Thank you, Emanuele. On your request on guidance, worth to be said that we add, let's say, an additional buffer of prudency as well in our guidance for both full year and mid-term guidance due to the uncertainties that we are now facing, especially in North America. Having said that, we do expect the last quarter to be in the range of the margin that we have expressed in the third quarter of the year. Again, in the range of above 13%. On order book, as you can imagine, you know, the vast majority of the difference is driven by the evolution in North American part of our order book, which was lower compared to the last data that we discussed and presented on August 4, by approximately EUR 400 million. Thank you. Thank you, Emanuele. We have now a follow-up question from Alberto Gergra. Please, Alberto, the floor to you. Thank you. One quick follow-up on the industrial segment. If you can provide maybe more color on which are the subsegments that are performing more positively and also the more affected by the situation that you discussed in your remarks. If you expect some compensation considering this evolution of orders and so on on these full year 2025 numbers. Yeah, so on with respect to the industrial evolution of the business, I have to say that looking at the different segments that we are covering compared to 2024, there are certain segments which are namely the home business and as well the other industrial application which are posting a growth compared to last year and as well EPAMPS is providing us a good positive result compared to what we have experienced over the last years. Worth to be said that as well in light of the consolidation of the Indian operation, we have as well now a new segment which is making reference to the transformer business, which is totaling approximately EUR 19 million of revenues out of the total amount of revenues that we said before, EUR 58 million we make in reference to Kumar. The second question, yeah, was on the compensation. The total amount of compensation that we do expect to achieve by year-end, it's EUR 10 million, and we can make reference to the supply chain. It's not only towards the customers. We have already accounted approximately EUR 5 million of compensation, which is part of the result at the end of September. Additional EUR 5 million are now embedded in our estimates by year-end. Okay, very clear. Grazie. Thank you, Alberto. Currently, we do not have any question queued, so we will wait just a few moments to give everyone the opportunity to ask a question. We have a follow-up question from Emanuele Negri. Please, Emanuele, the floor to you. Yes, sorry, just a quick one on my side. Kumar generated revenues of EUR 38 million in the first nine months. Could you give us an idea what do you expect for the full year? I'm sorry if you already answered this question, but I lost the line in the previous question, so I don't know if you already covered this topic. No, no, no, you're fine. It's fine, Emanuele. Slightly more than EUR 50 million, consistent with what was as well our original expectation on Kumar. We said EUR 38.1 million is what we accounted at the end of September. In terms of EBITDA, we are in the range of EUR 3 million. By year-end, we do expect Kumar revenues to be above EUR 50 million, and in terms of EBITDA, we are considering approximately 10% margin. Okay, thanks. Thank you, Emanuele. I will now hand back to the speakers for any final comments before bringing this presentation to a close. Please go ahead. Thank you for your interest and your questions. I think the market remains uncertain in view of the geopolitics and as well the tariff time items that have been discussed all over the region during the last year. We see ahead no change in the trend that we are following in terms of energy transition that is impacting not only the EV, but as well other markets that are growing and becoming more and more important. In view of that, we have as well updated our future targets and forecasts, always aiming to grow the company. Thank you for your attention, and please refer to us if you have additional questions. Thank you, everyone, for joining today. This presentation will now come to a close. Thank you.