Ariel Bauer
Head of Communications, Sustainability & Investor Relations

Good morning, and welcome to the SGS Q1 2026 Sales Update. I'm here with Geraldine Picaud, our CEO; and Marta Vlatchkova, our CFO. Please note that this call is being recorded and will be available for replay on the SGS website. [Operator Instructions] I would now like to turn the conference over to Geraldine Picaud, CEO of SGS.

Geraldine J. M. Picaud
CEO & Director

Thank you, Ariel, and good morning, ladies and gentlemen. Thank you for attending this call. As usual, I will comment on the business and share our latest news before handing over to Marta for more details on the numbers. Sales reached CHF 1.75 billion, a record for SGS. We achieved this with strong organic growth of 5.3%, combined with growth from acquisition of 7.3%. We experienced a huge negative foreign exchange effect amounting to 8.7%.

Situation in the Middle East affected our operations in the region, but the impact on our sales has remained very limited, as it represents less than 3% of our total revenues. On the positive side, over the quarter, we had several successes on the