Says strategic direction unchanged and 2028 targets reaffirmed against dynamic geopolitical and macroeconomic environment. Says medium-term views on German economy unchanged; businesses to benefit from fiscal stimulus and unique positioning over the plan period. Says emerging risks including those related to the Middle East conflict remain well contained and are conservatively managed. Says visible upside to strategic levers from greater AI benefits, increasing European competitiveness and a more integrated capital market. Comments taken from Q1 earnings conference call slides.
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