David Hancock Good morning and welcome to Nestlé's Three-Month 2025 Sales Conference Call. I am David Hancock, Head of Investor Relations. Today I am joined by Laurent Freixe, CEO; and Anna Manz, CFO. Laurent and Anna will provide a short update on our progress in the first quarter before we open up for Q&A. Before we get started, please take a moment to read the disclaimer on Page 2. With that, I will hand over to Laurent. Laurent Freixe Thank you, David and good morning everyone. Before Anna takes you thr ...