Operator

Welcome to NKT Financial Presentation for the First Quarter of 2026. [Operator Instructions] I will now hand the call to your speaker, President and CEO, Claes Westerlind and CFO, Michael Yong. Please begin.

Claes Westerlind
President & CEO

Good morning, and welcome to this conference call following the release of our interim report for the first quarter of 2026. I'm Claes Westerlind, the CEO. And for today's call, I'm happy to be joined by our new CFO, Michael Yong. As usual, I will begin by taking you through the key developments in the quarter, focusing on the main messages, the operational performance, commercial highlights and the market dynamics. I will then hand over to Michael for a deeper look into the financials. We will conclude with the outlook and open the line for questions.

As you are aware, Q1 2026 is the first quarter where we present and comment on the business in our new business line structure, Transmission, Grid Solutions and Accessories and Distribution, which became effective from 1st of January this year to support our Charging Forward strategy. With that, please turn to Slide 3. Before we begin, I'd like to highlight that today's presentation and related comments, including forward-looking statements. These statements are subject to risks and uncertainties, many of which are beyond NKT's control, and actual results may therefore differ from expectations. I will ask all of you to read this disclaimer carefully.