Katarina Rautenberg

Good morning, and welcome to the presentation of Investment AB Latour's Interim Report for the First Quarter 2026. [Operator Instructions] With that, I hand over to CEO, Johan Hjertonsson; and CFO, Mikael Albrektsson.

Johan Hjertonsson
President, CEO & Director

Thank you, Katarina. And once again, welcome, everybody, to the Q1 report on Investment AB Latour. I'm here together with Mikael, our CFO. So very welcome, Mikael, as well. And the presentation is divided into 2 sections. The first part, we will walk you through the Latour Group's development in Q1, commenting on the development for the investment portfolio and the wholly-owned operations. Then we open up for questions. And then we have a second part where we will make a deep dive into Innovalift, one of Latour's 7 wholly-owned operations, and there, we have invited Andrea Veggian, CEO of Innovalift, for this section. And finally, after that, we will have a Q&A session together with Andrea about answering questions on Innovalift.

Good. So if we dive into the first slide here, I'd like to comment a bit overall. So it's a positive start to the year, organic growth despite the geopolitical turbulence, indicating an overall good underlying demand on the markets we operate on, but it varies between industries and regions. I'd like to highlight that the order intake grew organically plus 5%, and the net sales grew organically plus 4%. And then we had negative currency effects of quite large of about -- of minus 6% in the quarter.