Operator

Ladies and gentlemen, welcome to the Lonza Q1 2026 Qualitative Update Conference Call and Live Webcast. I am Sandra, the Chorus Call operator. [Operator Instructions] The conference must not be recorded for publication or broadcast.

At this time, it is my pleasure to hand over to Philippe Deecke, CFO. Please go ahead, sir.

Philippe Deecke
Chief Financial Officer

Thank you, Sandra. Good afternoon, and good morning to those of you joining us from the U.S. Welcome to our Q1 2026 qualitative update. Before we go into the details, please let me remind you that our qualitative updates are intended to provide you with a general business overview, and we will not be sharing figures related to our financial performance. We will do so on the 22nd of July with our half year update. All contents unless otherwise specified, refers to our CDMO business, which excludes Capsules & Health Ingredients.

I'll start with an overview of our group performance before we move to the performance of our business platforms, our business contracting and growth projects. Afterwards, I will provide you with an update on our One Lonza journey, followed by a few comments on the current macroeconomic environment before I close for the Q&A session.

Today, we reported a strong Q1 performance across