Linda Palsson
President & CEO

Hello, everyone, and welcome. Thank you for joining us today as we present AFRY's results for the first quarter of 2026. I am Linda Palsson, and I am the CEO of AFRY. I will begin with some highlights from the quarter before handing over to our CFO, Bo Sandstrom. And after that, we will open the line for questions.

In Q1, our strategy execution continued to progress according to plan. Our order backlog grew 6.4% year-over-year to SEK 21.5 billion, which is a testament to the strength of our client offerings and our focus on sales execution. Our strong order backlog position us well to drive profitable growth in line with our strategy going forward. In the quarter, we improved profitability with an EBITA margin that increased to 7.5% from the calendar adjusted margin of 7.1% in Q1 last year. This was mainly driven by a continued positive development of the utilization rate, which improved 1.1 percentage points.

We saw strong performance in our Global division, Energy & Industry, while results in Transportation and Places were weaker. Net sales declined 4.3% organically in the quarter, and that is mainly a result of a challenging market and the capacity adjustments we have made over the past year. Global uncertainty remained high at the beginning of the year, which continues to impact the market conditions in some of our segments.

As we conclude the