Line Dovarn
Head of Investor Relations

Good morning, and welcome to this presentation of Munters Q1 2026 Results. My name is Line Dovarn, and I'm Head of Investor Relations, joined here by CEO, Klas Forsstrom; and CFO, Katharina Fischer. Klas and Katharina will go through the results of Q1, and then we will open up for Q&A. So with that, I will hand over to you, Klas.

Klas Forsström
President & CEO

Thank you very much, Line. And once again, good morning and very, very much welcome. A solid start to the year. So let me summarize the quarter like this. Good to strong demand across all business areas, a book-to-bill above 1 in all business areas. I feel it has been a well-executed quarter based on our plans, build, scale and accelerate growth step-by-step in Data Center Technology, reset AirTech and start to grow the base business, capture growth and continue to scale in FoodTech. Operational progress in line with the plan. All in all, a solid quarter.

Our outlook remains unchanged. A stronger second half of the year is expected, though as for everyone else, higher geopolitical and supply chain uncertainties are building up. So more in detail then, a well-executed start to the year. If I start with orders, continued strong order growth. Order intake, 49% organically, SEK 32 (sic) [ 32% ]. AirTech, robust demand across all regions despite a larger project cancellation. Data Center Technology, strong demand once again in Americas