Antje Kelbert
Head of Investor Relations
Good morning, and welcome to our Q3 and 9-month update call for HORNBACH Holding. My name is Antje Kelbert, Head of Investor Relations. Earlier today, at 7:00 a.m., we published our financial results for the first 9 months of fiscal year 2025-’26, covering the period from 1st of March until the end of November 2025. During today’s call, we would like to give you additional insight into our final financial figures following our pre-release on 5th of December. I extend my warmest welcome to our CFO, Dr. Joanna Kowalska, who will be your host today, presenting our latest set of numbers. After the presentation, we will take your questions. Please note that this conference call, including the Q&A session will be recorded and made available along with a transcript on our company website.
Kindly also take note of the disclaimer, which applies to the entire presentation and the Q&A session. [Operator Instructions].
With that, I’m delighted to hand over to Joanna to walk us through the key developments of our first 9 months of this year. Over to you, Joanna.
Joanna Kowalska
Member of Management Board & CFO
Good morning, everyone, and thank you, Antje, for the kind introduction and warm welcome. It’s a pleasure to be here again talking to you about our results. Before we get to the details, I’d just like to take a moment to talk about the context of the macro environment and retail background
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