Good morning, members of the board. Today I’ll be walking you through our latest sales figures and market performance across our key regions.

Let me now turn to our year-to-date performance. As you can see from this slide, we’re experiencing some interesting regional variations in our sales patterns. The good news is that our European market has shown remarkable resilience, with sales rising by 5% year-on-year. This growth has been particularly strong in our German and French operations.

However, when we look at our Asian markets, the picture is somewhat different. Our sales have fallen by 2% compared to the same period last year. This decline can be largely attributed to the economic headwinds we’ve been facing in the region, particularly in the southeastern markets. We’re already implementing new strategies to address these challenges, which I’ll outline shortly.

Turning to our North American operations, I’m pleased to report that our performance has remained stable in the USA. Quarter-over-quarter, we’ve maintained our market share despite increased competition. This stability is particularly impressive given the current market volatility.

As you can see from this slide comparing our year-on-year performance, these regional variations have created an interesting dynamic in our global portfolio. While the European growth has helped offset the Asian decline, we’re particularly focused on maintaining our stable US performance as we move into the next quarter.

Looking at the last year slide, you’ll notice that these trends represent a shift from our previous patterns, where Asia was our strongest growth market. However, our diversified regional approach has proved valuable in maintaining overall stability.

In conclusion, while we’re seeing mixed results across regions, our global strategy of balanced market presence continues to serve us well. I’ll now be happy to take any questions about specific regional performance or our planned initiatives.