PresentationLuca MarottaGroup Chief Finance Officer  Good morning, everyone. Thank you for joining us today. As highlighted in our press release, H1 sales decreased by 4.2% organically. This performance includes a minus 11% decline in Q2, which should be, as expected, the lowest quarter of the year. It reflects some adverse phasing effect in a still challenging macroeconomic environment. This result stems from mixed regional trends, mainly driven by, on one hand, strong sales growth in the U.S. Cognac div ...