Essi Nikitin
Vice President of Investor Relations

Okay. I think we can start. So hi, everyone, and welcome to YIT's analyst call preceding the silent period of our half year 2026 results release.

My name is Essi Nikitin, and I'm heading the Investor Relations at YIT. Together with me today, I have our Interim CFO, Markus Pietikainen; and our CEO, Heikki Vuorenmaa on the line. As usual, we will start with a recap to recent developments in the company presented by Markus. And after that, the participants will have an opportunity to ask questions from Markus and Heikki.

As a reminder, this call will be recorded, and the recording will be published on our website after the call. At this point, I hand over to Markus. Please go ahead.

Markus Pietikainen
Interim CFO, Member of Group Management Team and Senior VP of Treasury and M&A

Thank you, Essi, and good afternoon, everyone. Let's proceed with the silent call for the second quarter '26. First, a short update on our businesses, starting with residential CEE business. As a recap, our residential CEE segment continued to perform well in the first quarter of the year with a steady growth in both revenue and profit, and this segment has become a clear profit driver for the group. The year began with healthy margins, showing the quality of the new projects we launched in 2025.