Landis+Gyr Group AG (LDGYY) Q1 2027 Sales/Trading Call Transcript

Christian Waelti, Head of Investor Relations. I'm joined today by Peter Mainz, our CEO; and by Davinder Athwal, our CFO.

As you know, earlier today, Landis+Gyr issued an ad hoc release and related presentation on the Q1 FY 2026 trading update, which are available on our website.

This session will follow the structure of the presentation, so we encourage you to follow along.

We'll conclude with Q&A, and the operator will provide further instructions and where you will be able to ask questions.

Please take a moment to review the usual disclaimer on Slide 2 of the presentation.

After this short introduction, I'd like to hand the floor over to our CEO, Peter Mainz.

Good afternoon, and good evening, everyone. I'm here at our U.S. headquarters in Alpharetta with Davinder, our CFO, and we are pleased to provide you with an update on our first quarter performance.

With that said, let's now start with a review of the key strategic developments over the past 3 months.

As you