Operator

Welcome to the Groupe SEB 2026 First Quarter Sales Presentation. Today's conference will be hosted by Stanislas de Gramont, Chief Executive Officer; and Olivier Casanova, Senior Executive Vice President and Chief Financial Officer. [Operator Instructions]

Now I will hand the conference over to the speakers. Please go ahead.

Stanislas De Gramont
CEO & Member of Management Board

Good afternoon. Thank you for attending this call. I'm Stanislas de Gramont. I will be managing this presentation together with Olivier Casanova, our CFO. We will start with a short presentation, I think, and then we'll carry on with answering your -- all the questions you may have.

Olivier, you want to get started?

Olivier Casanova
Senior EVP of Finance, CFO & Member of Management Board

Okay. Thank you, Stanislas. So moving on to the key figures for the quarter. Our sales stood at EUR 1.885 billion, up 2.7% on a like-for-like basis. ORfA stood at EUR 72 million, up 42% and operating margin was up 1.2 percentage points at 3.8%. So moving on to the highlights on the next page. As I said, 2.7% organic growth. Of course, we have been operating in Q1 in an environment with a lot of uncertainty on the macroeconomic and geopolitical front. And of course, it has deteriorated in the latter part of the quarter. We'll come back to that, no doubt in the Q&A.