Operator

Good afternoon, ladies and gentlemen, and welcome to our Q1 2026 Results Call from Bilfinger. My name is Martina Kalkhake, and I'm here together with our Group CEO, Thomas Schulz, and our group CFO, Matti Jakel. As usual, we will start with a presentation of our quarterly highlights and then open the call for your questions. [Operator Instructions ] During the presentation, everyone will be on a listen-only mode, and the event will be recorded as usual.

I now hand over to Thomas. Thomas, please.

Thomas Schulz
Chairman of Executive Board & CEO

Hello, everybody, and thank you, Martina. So let's start directly with the highlights. We had a slower start into the year and predominantly based on the severe weather conditions, what we all enjoyed and which makes it quite difficult for us then in snow and ice to make the necessary work in -- on our customer sites. When we look into the orders, it's minus 5%. Revenue is up, despite the weather conditions, by 4% and our EBITA margin is on 4.6%, which is a 5% improvement on EBITDA.

The earnings per share went up to EUR 0.99. The cash flow is EUR 21 million. And the outlook is definitely confirmed, and the midpoint, as we always highlight, is actually our target for the revenue as well as for the EBITDA margin. And on strategy execution, we are well on the way. We closed on the 1st of April, the acquisition in Turkey with Teknokon. Before we go further into the market and