Tomas Carlsson
President & CEO

Good morning, everybody, and welcome to this presentation of the first quarter for 2026 for the NCC Group. I'm Tomas Carlsson, CEO of NCC. And with me here, I have Susanne Lithander, the CFO of the NCC Group. And Susanne will come back and give you all the details of this quarter.

I will start with something I have never done before. I will start with the readers manual of the Q1 report because there are some things that may confuse in understanding what's going on. And what is important to understand is this, you need to separate the different business areas that we have or business models that we have. And I'd like to talk about Contracting, Industry and Property Development in particular.

Contracting business. We have an operating profit earnings that is good. It's SEK 177 million. And that despite the fact that revenues are down heavily, and that's because we have managed to get rid of a number of large projects with 0 margins. So what happens is this, earnings is the same, net sales is down and margins goes up and continued good market demand, and since Contracting represents roughly 90% of the revenue in the first quarter, Industry, as we always have low earnings in the industry in the first quarter, we have slightly more in this quarter. And that is for all practical purposes related to stone sales in January and February. In March, it came back to normal patterns. We don't see that, that is -- will have an impact on the full year, but it has an impact