Operator

Ladies and gentlemen, welcome to the ANDRITZ Q1 2026 Results Conference and Live Webcast. I'm Sergen, the Chorus Call operator. [Operator Instructions] And the conference is being recorded. The presentation will be followed by a Q&A session. [Operator Instructions]

At this time, it's my pleasure to hand over to Matthias Pfeifenberger, Head of Investor Relations. Please go ahead, sir.

Matthias Pfeifenberger
Head of Investor Relations

Good morning, and a warm welcome from ANDRITZ for Q1 earnings call and webcast. Thanks for your continued interest in ANDRITZ and your participation today. It's a great pleasure for me to present your presenters for today's call. I have with me our CEO, Dr. Joachim Schönbeck; and our CFO, Vanessa Hellwing, I'd like to pass over to Dr. Schönbeck now for an overview of our Q1 results.

Please go ahead.

Joachim Schönbeck
President, CEO & Chairman of the Executive Board

Thank you very much, Matthias. Good morning to everybody. Thank you for joining us on our call for the Q1 results 2026. And I would happy to provide good news for Q1 in '26 despite some, I would say, geopolitical tensions and surprises, we can report a very good quarter. We had a record high order intake that was mainly driven by Hydropower and Pulp & Paper. And I would say Hydropower was -- had an extraordinary quarter with cumulated bookings