Operator

And welcome, everyone, to our Q1 2026 financial results conference call. With me, as usual, are Marcus Wolfinger, CEO of STRATEC; as well as our CFO, Tanja Bucherl. As usual, following the presentation, we will have our question-and-answer session. Be aware that this conference is being webcast live, and you can download the presentation either from the webcast or from our website. And last but not least, please allow me to draw your attention to our safe harbor statement, which we have on Page 2 of that presentation. And with this, it's now my pleasure to hand over to Marcus.

Marcus Wolfinger
Chairman of Board of Management & CEO

Good morning, good afternoon, ladies and gentlemen. Welcome to our Q1 disclosure call. Let me briefly walk you through the quarter in a glance or at a glance. First of all, we had a soft start into the year. I hope we managed to not surprise you with that. We have mentioned that in a variety or during a variety of occasions. However, definitely worth discussing what happened here. First of all, we think this compares to strong comps in 2025 on the other hand side, we had a solid instrument business on the other side.

And that was like we actually saw that like for more than 3 months now that the start in