Thank you. Ladies and gentlemen good afternoon and welcome to the conference call. I am Jean Jacques Guiony, the Chief Financial Officer of the LVMH Group. Before I begin, I must remind you that certain information to be discussed on today’s call is forward looking and is subject to important risk and uncertainties that could cause results to differ materially. For this, I louis vuitton frauen refer you to the Safe Harbor Statements included in our press release.

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