Operator

Good afternoon, ladies and gentlemen. Thank you for your patience. Welcome to the NORMA Group Q1 2026 results webcast and conference call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to Birgit Seeger, Chief Executive Officer of NORMA Group. Please go ahead.

Birgit Seeger
CEO & Chairman of Management Board

Thank you. A very warm welcome from my side to all of you listening to this call. This is actually the first full quarterly report as the new CEO of NORMA together with the new CFO, Okan Celiker today. So as usual, after the presentation, you will have the opportunities to ask your questions, and we are very happy to answer them.

So we will share some of the results we have in our Q1 and also share some of the changes we have introduced since the start of NewNORMA, which we see some effective already in the Q1 results. So here, you see our usual disclaimer. Please pay attention to this one. And as we have done in the full earnings call from 2025, we will differentiate between NewNORMA and Former NORMA. The focus is on NewNORMA. In some topics, we still talk about the Former NORMA, and this is highlighted in the presentation.

So now we have a look at the Q1 milestones and achievements. So first of all, I have to say I'm very happy that we see a very good