Kaveh Rouhi
Chief Financial & Legal Officer and Member of Managing Board

Thank you, operator, and welcome, everyone. We very much appreciate that you are taking the time for this investor and analyst call on our first quarter 2026 results. This conference call is scheduled for up to 60 minutes and will be recorded. After the management presentation, I will be happy to answer your questions.

Today's presentation is available on our Investor Relations website. The replay will also be available on the IR website shortly.

Our agenda for today. First, I will review our Q1 figures. Then we will take a look at a number of external factors currently affecting our business, one of our latest highlights projects as well as our current order backlog and outlook for the 2026 financial year. I expect the presentation part to last about 30 minutes.

I refer to our disclaimer on Page 2. So let's move to Page 4, financial highlights for the first quarter 2026. Group sales with EUR 341 million were 4% above last year's quarter. In the Large Scale & Project Solutions division, sales were stable compared to the previous year. The Home & Business Solutions division increased sales by 27%. Reported group EBITDA increased to EUR 26 million after EUR 25 million in Q1 '25. Operating group EBITDA before one-offs increased by 67% to EUR 25 million compared to EUR 15 million the year before. I will provide more insights on the individual divisions in a moment.