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Fresenius SE & Co. KGaA (OTCPK:FSNUF) Q1 2025 Earnings Conference Call May 7, 2025 7:30 AM ET Company Participants Nick Stone - Head of Investor Relations Michael Sen - Chairman of the Management Board Sara Hennicken - Chief Financial Officer Conference Call Participants Veronika Dubajova - Citigroup Oliver Reinberg - Kepler Cheuvreux Hassan Al-Wakeel - Barclays Sezgi Oezener - HSBC James Vane-Tempest - Jefferies Victoria Lambert - Berenberg Bank Hugo Solvet - Exane BNP Paribas Oliver Metzger - ODDO BHF Marianne Bulot - Bank of America Robert Davies - Morgan Stanley David Adlington - JPMorgan Graham Doyle - UBS Operator Good afternoon, and welcome to the conference call of Fresenius Investor Relations, which is now starting. May I hand you over to Nick Stone, Head of Investor Relations.