Jacob Broberg
Chief Communication & Investor Relations Officer

Good morning, and welcome to Electrolux Professional Group Q1 Results Presentation. My name is Jacob Broberg. I'm heading up Investor Relations and Corporate Communications. And with me, as always, I have Alberto Zanata, CEO; and Fabio Zarpellon, CFO. And let's get started immediately.

Alberto, please, I hand over to you.

Alberto Zanata
President & CEO

Thank you, Jacob, and morning to everybody. Q1 -- we closed Q1 with challenging results. We reported declining sales and declining profitability compared to Q1 of last year. Looking into the results, not everything was negative. Indeed, we had a very good performance in Europe and Food Europe, in particular, where we continue to grow sales and profitability along the trend -- the last year trend.

In the quarter, we also finally reported a changing trend in Japan. Japan market was challenging all along 2025. And in the quarter, growth -- slight growth was back both in Laundry and in Food & Beverage. The performance in Asia Pac, not impacted yet by the Middle East crisis, we reported declining sales, but just because of a comparison with the previous year quarter where we had the large orders that did not repeat in 2026. Reality, the underlying business is improving in the APAC-MEA region.

The only area where we have the -- two areas where we had declining profitability -- declining performance is U.S. Food & Beverage where the negative trend started after the summer 2025 continued also in Q1 this year and Laundry.