Operator

Welcome to the NIBE Q1 presentation for 2026. [Operator Instructions]

Now I will hand the conference over to the CEO, Eric Lindquist; and CFO, Hans Backman. Please go ahead.

Gerteric Lindquist
CEO, MD & Director

Thank you very much. Good morning to you out there. Good morning, everyone. And we're going to start like we usually do, and I'll be going through some slides, and then Hans following up. And we hope that this will be no more than 22, 23 minutes, and then it's a room for questions.

And as you know, this day coincides with our Annual Shareholders Meeting starting at 5:00. So quite a number of discussions and interviews today. So at 12:00, we have to stop this session if we are not impolite suggesting that.

So with that said, once again, welcome, and let's dive into the presentation. And of course, you've already read the report and the main headlines or the main numbers are, of course, the organic growth in the fixed exchange rate of just north of 7%, operating margin 9%, and the net debt in EBITDA like 2.7, all indicating that we are in the right way.

And it's the fifth consecutive quarter when we are reporting positive sales and margins and results. We're very pleased to note