Ann-Sofi Jönsson
Head of Investor Relations & Sustainability Reporting

Welcome to Electrolux Group and the presentation of our Q1 report. I'm Ann-Sofi Jönsson, Head of Investor Relations and Sustainability Reporting. I'm here with our CEO, Yannick Fierling and Therese Friberg, our CFO. We will run through the presentation and after that, we will open up for the Q&A. With that, I hand over to Yannick.

Yannick Fierling
President, CEO & Director

Thank you very much, Ann-Sofi and good morning, good day to all of you, very glad to be with you for this Q1 2026 report. We have been making some significant announcements last night. 2025 was the year of progress and strategic building. We are now executing this strategy. We have been announcing a series of initiatives. I would like to remind you this morning -- the first one is about a partnership we announced in the North American region with Midea. This partnership will be driving growth, will be driving better profit, thanks to savings and share of CapEx. And certainly, it will represent a very strong platform to move forward in this region. We have been announcing as well that we'll be optimizing our footprint and gaining efficiency across our organization. We are planning to expand in terms of product and geography moving forward. In