Hiva Flaskjer
Senior Vice President of Investor Relations

Good morning, and welcome to AutoStore's Q1 2026 Update. My name is Hiva Flaskjer, and I'm the Investor Relations Officer at AutoStore. I will be moderating today's meeting. I'm joined here today by our CEO, Mats Hovland Vikse; and our CFO, Paul Harrison. We're standing ready to walk you through this quarter and answer your questions.

As usual, we would like to remind you of our disclaimer with regards to forward-looking statements. It can be read here at your own convenience.

Now moving on to our agenda. Mats will begin with an overview of our operational performance and our strategic progress. Paul will then present the financial results in detail. We'll follow with a live Q&A session, and you can submit your questions via the webcast player or ask your questions directly via Teams. The link and information are available on our website. After this Q&A session, Mats will round off with some final remarks. And as a reminder, all financial figures are stated in U.S. dollars.

With that, let's get started. Over to you, Mats.

Mats Hovland Vikse
Chief Executive Officer

Thanks, Iva. Good morning, and thank you all for joining our Q1 update. Over the past few months, I've spent quite a bit of