Business Wednesday, Jan 28

Operator

Ladies and gentlemen, welcome to the Q3 Full Year (sic) [ Fiscal Year ] 2025 Trading Update Conference Call and Live Webcast. I am [ Mattilde, ] the Chorus Call operator. [Operator Instructions] The conference is being recorded. [Operator Instructions]

At this time, it’s my pleasure to hand over to Christian Waelti. Please go ahead.

Christian Waelti
Head of Investor Relations

Thank you, [ Mattilde, ] and good afternoon, good evening, everyone. I’m Christian Waelti, Head of Investor Relations. I’m joined today by Peter Mainz, our CEO; by Davinder Athwal, our CFO. As you know, earlier today, Landis+Gyr issued an ad hoc release and related presentation on the Q3 FY 2025 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, where Mattilde 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.

Peter Mainz
CEO & Director

Thank you, Christian. Good afternoon, and good evening, everyone. I’m here at our U.S. headquarters in Alpharetta, just outside Atlanta, with Davinder, our Chief Financial Officer, and we are pleased to provide you with an update on our third quarter performance. With that said, let’s now start with a review of the highlights of our performance in the third quarter and the first

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