Daniel Sundahl
VP & Head of Investor Relations

Good morning, ladies and gentlemen, and welcome to TOMRA's First Quarter Results Presentation for 2026. My name is Daniel Sundahl. I'm Head of Investor Relations in TOMRA. We will, as usual, start today's presentation with CEO, Tove Andersen, giving you the highlights of the quarter, followed by a deep dive into the numbers from the CFO, Eva Sagemo. At the end of the presentation, we will take questions from participants in the Teams webinar. A link to the webinar can be found in this morning's stock exchange release. But without further ado, I give the word to Tove Andersen.

Tove Andersen
President & CEO

Good morning, and welcome from me as well to our Q1 presentation 2026. We present today a quarter characterized by strong growth in Food and Collection, but with profitability impacted by short-term product mix effects in all segments and lower volumes in Recycling. However, the underlying developments in the quarter in all segments gives us confidence going forward that we are on the right track.

Collection delivered record revenues due to deliveries in Poland and Portugal and growth in existing markets, however, with lower margins due to the higher share of RVM sales and the product margins in Poland. In Recycling, we continue to see low commercial activity, but progressing according to plan on the cost