Operator

Good day, and welcome to BIC's First Quarter 2026 Net Sales Conference Call.

[Operator Instructions]

And now I would like to hand the call to your host, Brice Paris, VP, Investor Relations.

Brice Paris
Vice President of Investor Relations

Good morning, and welcome to BIC's First Quarter 2026 Net Sales Call. I'm Brice Paris, Vice President of Investor Relations. We are in Clichy today with Rod Versloot, our CEO; and Gregory Lambertie, our CFO. This call is being recorded, and a replay will be available on our website with the presentation and press release.

We'll start with the usual results presentation, followed by a Q&A session. First, please take the time to read the disclaimer at the beginning of the presentation. With that, I give the floor to Rob.

Rob Versloot
CEO & Director

Thank you, Brice. Good morning, and thank you for joining us today. I'd like to start by highlighting that Q1 unfolded in a still highly volatile environment, marked by geopolitical tensions in the Middle East and their broader consequences across markets. Against this backdrop, we delivered 1.6% organic net sales growth in the first quarter, in line with the trajectory we outlined in February.

More importantly, we are executing with discipline and clarity. We are taking the right actions to reposition the group and build a stronger foundation to deliver sustainable performance. We have streamlined