Operator

Welcome to the Enea Q1 Presentation 2026 during [Operator Instructions]. Now I will hand the conference over to the CEO, Teemu Salmi; and CFO, Ulf Stigberg. Please go ahead.

Teemu Salmi
President & CEO

Thank you, and good morning to everyone, and welcome to this Investor Call for Quarter 1, 2026 Enea. This is Teemu Salmi speaking, CEO of Enea. I'm very happy to be with you here today. During the next 20 minutes, we'll take you through the results and some comments about quarter 1. And at the end, as usual, we leave some time for questions and answers. Let's dive straight into it.

First of all, we are very happy and pleased to report that we have solid 12% net sales growth in the quarter when counting in constant currencies from -- in fixed currencies from quarter 1 last year. That equals 5% growth in reported numbers. So a good solid start of the year. And with that, we're also reporting a very strong improvement in our profitability, adding up at an adjusted EBITDA level of SEK 75 million or 34% which is the highest in many years when it comes to the first quarter. And also, EPS jumps up quite significantly since quarter 1 last year, ending up at SEK 0.98. On top of that, we also have a very good momentum for our strategy execution at the moment, and I will come back to that in just 1 second.

As said, the growth here in the beginning of the year was quite a lot fueled by our business development mainly in our firewall business that had a