Noel Abdayem
Acting Chief Executive Officer

Good morning, everyone, and welcome to Humble Group's presentation for the first quarter of the year. My name is Noel Abdayem, and I'm the acting CEO of Humble Group. With me today, I have our Group CFO, Johan Lennartsson.

Johan Lennartsson
Chief Financial Officer

Good morning, everyone.

Noel Abdayem
Acting Chief Executive Officer

To everyone calling in, welcome, and thank you for taking the time to be with us today. We will now go ahead and present the results for the first quarter. Following the presentation, we will open up for a Q&A session.

Let's walk through the quarter. Our organic sales growth came in at 8%, with revenue coming in at nearly SEK 2 billion. Despite the challenging macro environment, we are seeing a stable demand for our products. This clearly reflects the strength of our portfolio and our ability to consistently meet consumer needs over time.

All of our 4 segments grew well, and the main growth was driven by our segments, Future Snacking and Quality Nutrition, where our brands and production sites are performing well with a good demand across the segments.

Our gross profit came in slightly lower than last year, mainly impacted negatively by currency effects and the product mix around the group. Cash flow remains to be a priority for us, and we delivered a strong cash generation during the quarter.

Our net debt has continued down, and we are now in line with our financial target of 2.5x adjusted EBITDA. This means that we can gradually shift our focus from a more defensive approach to a more targeted capital