Dear shareholders, business partners and colleagues

In a year characterized by considerable economic challenges and uncertainties, UZIN UTZ proved that stability and adaptability are among our strengths. Despite the subdued economy and the volatile market situation, we were able to achieve sales revenues of EUR 479.3 million, almost matching the record level of the previous year.

Our results reflect the reality of a challenging global economic climate. In our core countries in particular, we were confronted with a downturn in the construction industry. In addition, the result was influenced by unfavorable exchange rate effects, rising personnel costs and an increase in depreciation. Despite these adversities, we were able to hold our ground with an EBIT of EUR 34.5 million, even though this represents a decline compared to the previous year.

In these times, we are particularly proud of our ability to react flexibly to changing market conditions and constantly look for optimization opportunities. Our commitment to cost discipline and efficiency has enabled us to mitigate the effects of the economic turbulence.

The construction industry, particularly in Germany, is experiencing significant price increases and uncertainties. In response to this, we are focusing our attention on the renovation and value retention of floors. Our efforts to offer products that both conserve resources and minimize the CO2 footprint are always at the heart of what we do.

We look to the future with confidence, but also realistically. The current market conditions remain challenging and we expect this to continue to have an impact on our growth. Nevertheless, we are confident that, thanks to our strategy and the hard work of all our valued colleagues, we will be able to overcome these challenges and strengthen our position as a leading company in our industry.

In addition to all the economic challenges, there are great opportunities for growth for the UZIN UTZ Group, which we will consistently exploit with the help of the results of the strategy review. UZIN UTZ is one of the leading providers of high-quality system solutions, has six excellent product brands, a broad, optimally coordinated range of services, a forward-looking international positioning and a high level of innovative strength. Our qualified workforce, excellent sales structure and customer-oriented DNA are also factors that underpin the company's successful future development.

We thank you for your trust and your continued support.

Best regards