Björn Tibell
Head of Investor Relations

Good morning, everyone, and welcome to the presentation of ASSA ABLOY's first interim report in 2026. My name is Björn Tibell, I'm heading Investor Relations. And joining me here in the studio are ASSA ABLOY's CEO, Nico Delvaux; and our CFO Erik Pieder. We'll start this conference now with a short summary of the report, and then we will open up for your questions as usual. And we have set aside about 1 hour for these event.

So with that, I'd like to hand over to you, Nico.

Nico Delvaux
President, CEO & Head of the Global Technologies of Asia Pacific Division

Thanks, Björn. Also good morning from my side. We can report a good start of the year with a continued strong execution in the quarter. We had a good organic sales development of plus 2%. The good sales growth in Americas, Global Technologies and EMEIA, but a stable sales in Entrance Systems and APAC. Then net organic sales complemented with growth through acquisitions of net 2%. And then a strong execution with a strong EBIT margin improvement, 40 basis points better than last year, and EBITDA at 15.3% with an excellent operating leverage of 51%.