Jutta Mikkola
Senior VP & Head of Investor Relations

Hello, everyone. My name is Jutta Mikkola. And as the Head of Investor Relations, I'm delighted to welcome you to our first quarter results presentation. With me today is our President and CEO, Hans Sohlstrom; and our CFO, Niclas Rosenlew.

This quarter, our main theme was focus on our own actions drives results. This highlights the decisions and actions we took last year and the momentum we are bringing into this year. Hans will start with key highlights and strategic focus areas. And after that, Niclas will take you through our performance and results. We'll wrap it up with the key main takeaways. Once we are finished, like usual, we will open the floor for your questions.

So thank you once again. And I hope you had a good time with us. With these words, Hans, the stage is yours.

Hans Sohlstrom
President & CEO

Thank you, Jutta, and hello, everyone. Great to have you with us.

The first quarter of 2026 developed largely as expected. While market conditions remain challenging, we continue to drive performance through our own actions across operations, costs, commercial excellence and procurement. Demand in our